KSE gains 22.25 points amid healthy volume

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KARACHI - Mainly led by cement stocks market closed in positive note with healthy volumes of 236 million shares. Fresh buying in FCCL and MLCF brought the stocks in limelight as 30pc of volume traded in these two stocks, dealers observed here on Thursday.

The Karachi stock market benchmark KSE-100share index gained 22.25 points or 0.14 percent to finish the day at 16,143.07 points as compared to 16,120.52 points of the previous day.

KSE-Allshare index up by 27.70 points or 0.24 percent to end the day at 11,350.86 points, KSE-30 share index marginally gained 2.38 points or 0.02 percent to close the day at 13,175.84 points while KMI-30 share index increased by 21.54 points or 0.08 percent to conclude t he session at 28,166.68 points.

Market traded 236.268 million shares after opening at 143.541 million shares and the value of traded shares climbed to Rs 4.953 billion from Rs 4.101 billion. Stock capitalisation settled at Rs 4.037 trillion as compared to Rs 4.027 trillion of a day earlier.

Trading took place in 353 companies where gainers beat the losers 206 to 120 while the values of 27 stocks remained intact. Bata (Pak) XD was the top price gainer of the day up by Rs 65 to Rs 1385 while the biggest losers of the day were led by Sanofi-Aventis Pak down by Rs 9 to Rs 316.

In the top ten stocks Fauji Cement was the volume leader of the day with 38.559 million shares as it closed at Rs 6.83 after opening at Rs 6.57. Maple leaf Cement was on the second position with 29.750 million shares up by Re 0.75 to Rs 12.09. It was followed by Azgard Nine with 23.031 million shares gained Re 0.72 to Rs 7.92, Byco Petroleum with 18.258 million shares higher by Re 1 to Rs 9.70 and NIB Bank Limited with 11.074 million shares added Re 0.08 to Rs 2.28.

Courtesy: The Nation

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