Late buying pushes KSE index up
Sunday, 31 January 2010
KARACHI, Jan 30 (Business Recrder): Late buying in some selective stocks Friday supported the KSE-100 index to close in green at 9,614.19 points level with a net gain of 34.38 points.
The market witnessed highly volatile activity with the index oscillating between 9,637.04 points intra-day high and 9,552.87 points intra-day low levels due to investors' cautious stance over prevailing political situation in the country.
The investors avoided taking fresh positions before announcement of monetary policy due Saturday. Trading activity slightly improved as the volumes at ready counter increased to 183.998 million shares as compared to 182.775 million shares traded Thursday.
The overall market capitalisation increased by Rs 11 billion to Rs 2.767 trillion. Out of the total 349 active scrips, 200 closed in positive and 130 in negative while the value of 19 scrips remained unchanged.
Lotte Pakistan was the volume leader with 55.135 million shares gaining Re. 1.00 to close at Rs 11.35. PTCL increased by Re. 0.56 to close at Rs 19.84 with 16.591 million shares.
Byco Petroleum inched up by Re. 0.42 to close at Rs 15.45 with 11.626 million shares. Arif Habib Sec surged by Rs 1.72 to close at Rs 45.87 with 9.802 million shares. TRG Pakistan increased by Re. 0.38 to close at Rs 3.25 with 9.063 million shares. Fresh buying was witnessed in the banking sector, Bank Al Falah and NBP gained Re. 0.10 and Rs 1.53 to close at Rs 13.36 and Rs 80.78 with 8.650 million shares and 3.917 million shares, respectively.
In the cement sector, DG Khan Cement and Lucky Cement increased by Re. 0.44 and Rs 2.80 to close at Rs 30.60 and Rs 71.07 with 5.669 million shares and 5.153 million shares, respectively. Jahangir Siddiqui Co inched up by Re. 0.73 to close at Rs 28.68 with 5.229 million shares.
The market witnessed highly volatile activity with the index oscillating between 9,637.04 points intra-day high and 9,552.87 points intra-day low levels due to investors' cautious stance over prevailing political situation in the country.
The investors avoided taking fresh positions before announcement of monetary policy due Saturday. Trading activity slightly improved as the volumes at ready counter increased to 183.998 million shares as compared to 182.775 million shares traded Thursday.
The overall market capitalisation increased by Rs 11 billion to Rs 2.767 trillion. Out of the total 349 active scrips, 200 closed in positive and 130 in negative while the value of 19 scrips remained unchanged.
Lotte Pakistan was the volume leader with 55.135 million shares gaining Re. 1.00 to close at Rs 11.35. PTCL increased by Re. 0.56 to close at Rs 19.84 with 16.591 million shares.
Byco Petroleum inched up by Re. 0.42 to close at Rs 15.45 with 11.626 million shares. Arif Habib Sec surged by Rs 1.72 to close at Rs 45.87 with 9.802 million shares. TRG Pakistan increased by Re. 0.38 to close at Rs 3.25 with 9.063 million shares. Fresh buying was witnessed in the banking sector, Bank Al Falah and NBP gained Re. 0.10 and Rs 1.53 to close at Rs 13.36 and Rs 80.78 with 8.650 million shares and 3.917 million shares, respectively.
In the cement sector, DG Khan Cement and Lucky Cement increased by Re. 0.44 and Rs 2.80 to close at Rs 30.60 and Rs 71.07 with 5.669 million shares and 5.153 million shares, respectively. Jahangir Siddiqui Co inched up by Re. 0.73 to close at Rs 28.68 with 5.229 million shares.