KSE touches new height after gaining 194 points

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KSE touches new height after gaining 194 points

KARACHI - Unending foreign inflows took the market to new high with rising volumes as volume traded reached 14b in cash market. †At local equity market benchmark KSE-100 share index added 193.66 points or 0.88 percent to close the day at 22274.51 points compared to 22080.85 points of the previous day.†

KSE-Allshare index grew by 120.47 points or 0.77 percent to end the day at 15678.09 points, KSE-30 share index extended by 181.01 points or 1.06 percent to finish the day at 17306.71 points while KMI-30 share index enlarged by 213.99 points or 0.56 percent to conclude the day at 38334.44 points.

Dealers said by heavy weight MCB bench mark KSE posted gains which was supported by PTC, PSO and Lucky Cement. Low priced stocks remained speculatorsí favorite. Strong activity was seen in low priced stocks like BOP Right, FCCL, MLCF and CML.

Market traded 544.150 million shares on Tuesday compared to 572.607 million shares of the previous day and the value of traded shares was climbed to Rs 13.804 billion from Rs 11.744 billion while the capitalisation of local equity market maintained at Rs 5.405 trillion after opening at Rs 5.363 trillion of the yesterday.

Shares of 410 companies were traded during the day where 231 closed in positive and 161 in negative while the value of 18 stocks remained intact. Nestle Pak was the biggest loser of the day decreased by Rs 145 to Rs 6455 followed by Shezan Ineter decreased by Rs 19.67 to Rs 700. Colgate Palmolive and Bata (Pak) were the biggest gainers of the day up by Rs 91 to Rs 1980 and Rs 86.50 to Rs 1816.50.

Active list was still topped by Bank of Punjab (R) with 71.822 million shares as it close at Rs 5.04 after opening at Rs 4.30. Fauji Cement was on the second position with 42.369 million shares up by Re 0.20 to Rs 12.50. It was followed by Maple Leaf Cement with 33.487 million share grew by Re 0.88 to Rs 22.95, Colony Mills Limited with 31.457 million shares up by Re 0.31 to Rs 5.70 and Bank of Punjab 21.708 million shares added Re 0.88 to Rs 14.88.†

Courtesy: †Nation

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