KSE index gains 78.30 points
Thursday, 6 May 2010
KARACHI, May 5 (Business Recorder): Fresh buying was witnessed at the local share market Tuesday on the back of revived investors' interest due to release of coalition support fund, and the KSE-100 index rose by 78.30 points to close at 10,467.76 points level.
During the intra-day trading the index hit 10,559.44 points intra-day high level, up 169.98 points. However, profit taking in some select stocks minimised the gains. Trading improved and the volume at ready counter increased to 126.601 million shares as compared to 66.995 million shares traded Monday.
Market capitalisation increased by Rs 25 billion to Rs 2.957 trillion.
Major volume contributors were the stocks from investment securities companies. The index found support from the index heavyweights, from banking and oil and gas exploration stocks, along with mid-tier stocks of textile sector.
During the intra-day trading the index hit 10,559.44 points intra-day high level, up 169.98 points. However, profit taking in some select stocks minimised the gains. Trading improved and the volume at ready counter increased to 126.601 million shares as compared to 66.995 million shares traded Monday.
Market capitalisation increased by Rs 25 billion to Rs 2.957 trillion.
Major volume contributors were the stocks from investment securities companies. The index found support from the index heavyweights, from banking and oil and gas exploration stocks, along with mid-tier stocks of textile sector.