KSE index gains 204.88 points
Friday, 4 June 2010
KARACHI, June 3 (Business Recorder): After posting negative trend during last two days, the Karachi share market Wednesday witnessed positive trend and KSE-100 index gained 204.88 points.
The KSE-100 index opened in green zone with a gain of 15.36 points and at the end of the day closed at 9499.06 with a gain of 204.88 points.
KSE 30 index closed at 9422.78 with a gain of 64.833 points. Trading was also better as compared to last trading session as the ready market volume stood at 114.38 million shares as compared to last trading session 95.047 million.
Futures market volume however stood at 6.332 million shares as compared to 4.258 million shares of last trading session.
Market capitalisation surged by Rs 59.406 billion to Rs 2.685 trillion from Rs 2.626 trillion. Of 400 active scrips, 312 closed in positive and 77 in negative, while the value of 11 scrips remained unchanged.
Lotte Pakistan was the volume leader with 18.25 million shares and it closed at Rs 9.07 with Rs 0.93 gain. PTCL was on second number with 6.552 million shares and it gained Rs 0.16 to close at Rs 19.67. Jahangir Siddique Com gained Rs 1 to close at Rs 11.08 with 6.07 million shares.
Analysts said that bullish activity was witnessed in oversold market and investors took positions in banks, oil & fertiliser scrips on renewed foreign interest, support from state run funds. In addition, approval of margin finance product by law ministry, rumours on capital gain tax regulation/CFS product approval played a catalyst role in positive activity at KSE despite global capital markets' fall on European debt crisis, they added.
The KSE-100 index opened in green zone with a gain of 15.36 points and at the end of the day closed at 9499.06 with a gain of 204.88 points.
KSE 30 index closed at 9422.78 with a gain of 64.833 points. Trading was also better as compared to last trading session as the ready market volume stood at 114.38 million shares as compared to last trading session 95.047 million.
Futures market volume however stood at 6.332 million shares as compared to 4.258 million shares of last trading session.
Market capitalisation surged by Rs 59.406 billion to Rs 2.685 trillion from Rs 2.626 trillion. Of 400 active scrips, 312 closed in positive and 77 in negative, while the value of 11 scrips remained unchanged.
Lotte Pakistan was the volume leader with 18.25 million shares and it closed at Rs 9.07 with Rs 0.93 gain. PTCL was on second number with 6.552 million shares and it gained Rs 0.16 to close at Rs 19.67. Jahangir Siddique Com gained Rs 1 to close at Rs 11.08 with 6.07 million shares.
Analysts said that bullish activity was witnessed in oversold market and investors took positions in banks, oil & fertiliser scrips on renewed foreign interest, support from state run funds. In addition, approval of margin finance product by law ministry, rumours on capital gain tax regulation/CFS product approval played a catalyst role in positive activity at KSE despite global capital markets' fall on European debt crisis, they added.