KSE index gains 69.98 points
Friday, 8 January 2010
KARACHI, Jan 7 (Business Recorder): Bullish trend continued at Karachi share market Wednesday and KSE-100 index gained 69.98 points to close at 9,727.36 points. The market opened on a positive note and the index hit 9,810.19 points intra-day high, up 152.81 points. However, profit taking in late hours in some select stocks minimised the gains.
Trading activities further improved and the volume at ready counter increased to 228.207 million shares as compared to 193.334 million shares traded Tuesday. Market capitalisation increased by Rs 18 billion to Rs 2.796 trillion. Trading took place in 403 active scrips, out of which 200 closed in positive and 176 in negative, while the value of 27 scrips remained unchanged.
Lotte Pakistan was the volume leader with 31.206 million shares and gained Re. 0.60 to close at Rs 8.84. Jahangir Siddiqui Co increased by Re. 0.73 to close at Rs 31.17 with 16.318 million shares. Arif Habib Sec surged by Re. 0.73 to close at Rs 52.27 with 14.660 million shares. Nishat (Chunian) inched up by Re. 0.97 to close at Rs 21.53 with 10.623 million shares. Investors' interest continued in E&P sector as the index heavyweight OGDC increased by Rs 1.32 to close at Rs 118.73 with 10.009 million shares.
Buying was also seen in the banking sector and NBP, Bank Al Falah and NIB Bank surged by Rs 1.44, Re. 0.10 and Re. 0.11 to close at Rs 80.72, Rs 14.14 and Rs 5.09 with 9.928 million shares, 9.209 million shares and 7.910 million shares respectively. However, BoP lost Re. 0.36 to close at Rs 20.49 with 7.413 million shares. PTCL gained Re. 0.26 to close at Rs 18.55 with 9.194 million shares.
Fazal Textile and Hinopak Motor were the highest gainers and increased by Rs 18.25 and Rs 9.81 to close at Rs 422.00 and Rs 212.49 respectively, while Siemens Pak and Lakson Tobacco were the worst losers and declined by Rs 54.47 and Rs 7.98 to close at Rs 1240.53 and Rs 265.01 respectively.
Trading activities further improved and the volume at ready counter increased to 228.207 million shares as compared to 193.334 million shares traded Tuesday. Market capitalisation increased by Rs 18 billion to Rs 2.796 trillion. Trading took place in 403 active scrips, out of which 200 closed in positive and 176 in negative, while the value of 27 scrips remained unchanged.
Lotte Pakistan was the volume leader with 31.206 million shares and gained Re. 0.60 to close at Rs 8.84. Jahangir Siddiqui Co increased by Re. 0.73 to close at Rs 31.17 with 16.318 million shares. Arif Habib Sec surged by Re. 0.73 to close at Rs 52.27 with 14.660 million shares. Nishat (Chunian) inched up by Re. 0.97 to close at Rs 21.53 with 10.623 million shares. Investors' interest continued in E&P sector as the index heavyweight OGDC increased by Rs 1.32 to close at Rs 118.73 with 10.009 million shares.
Buying was also seen in the banking sector and NBP, Bank Al Falah and NIB Bank surged by Rs 1.44, Re. 0.10 and Re. 0.11 to close at Rs 80.72, Rs 14.14 and Rs 5.09 with 9.928 million shares, 9.209 million shares and 7.910 million shares respectively. However, BoP lost Re. 0.36 to close at Rs 20.49 with 7.413 million shares. PTCL gained Re. 0.26 to close at Rs 18.55 with 9.194 million shares.
Fazal Textile and Hinopak Motor were the highest gainers and increased by Rs 18.25 and Rs 9.81 to close at Rs 422.00 and Rs 212.49 respectively, while Siemens Pak and Lakson Tobacco were the worst losers and declined by Rs 54.47 and Rs 7.98 to close at Rs 1240.53 and Rs 265.01 respectively.