KARACHI: After witnessing negative trend during the last two sessions, the investors on Friday took fresh positions on available attractive levels that supported the benchmark KSE-100 index to register an increase of 65.43 points to close at 15,253.96 points.
The market opened on strong positive note and the index breached 15,300 psychological level to hit 15,310.81 points intra-day high.
Trading activities also improved significantly as the volumes at ready counter increased to 230.102 million shares as compared to 189.084 million shares traded on Thursday. Total market capitalization increased by Rs 13 billion to Rs 3.888 trillion. Of the total 318 active stocks, 183 closed in positive and 120 in negative while the value of 15 stocks remained unchanged.
Telecom sector led the rally as Telecard Limited, WorldCall Telecom and PTCL remained the volume leader and increased by Re 0.69, Re 0.20 and Re 1.00 to close at Rs 3.45, Rs 3.24 and Rs 20.57 with 50.253 million shares, 31.045 million shares and 21.568 million shares. Wateen Telecom closed at Rs 2.99, up Re 0.24 with 5.201 million shares.
Engro Corporation surged by Rs 4.44 to close at Rs 109.90 with 8.940 million shares.
In the cement sector, DG Khan Cement and Maple Leaf Cement gained Re 0.22 and Re 0.12 to close at Rs 49.53 and Rs 8.90 with 8.757 million shares and 7.564 million shares respectively. Pace (Pak) Limited inched up by Re 0.39 to close at Rs 3.18 with 7.585 million shares. KESC lost Re 0.04 to close at Rs 6.45 with 7.363 million shares.
Unilever Pak and Unilever Food were the top gainers increasing by Rs 440.00 and Rs 146.00 to close at Rs 9240.00 and Rs 3269.00 respectively while Colgate Palmolive and National Foods were the top losers declining by Rs 25.00 and Rs 13.13 to close at Rs 1325.00 and Rs 249.50 respectively.
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