KARACHI: Buying spree helped leading scrips to get hefty rise in prices as KSE 100 Index surged by 147.69 points to close at record 17,056.36 points Thursday.
Trading volume was high with 270.777 million shares as 205 scrips advanced while 123 sustained losses and 25 remained unchanged. The market capitalisation also surged by Rs. 40 billion to Rs. 4.263 trillion on buying spree.
A trader at a leading brokerage house said that market was bullish since morning on hectic buying by foreign investors. Despite profit taking, 100-Index continued to rise and crossed 17,000 level.
He said that bulls have continued to dominate the market as they are doing relentless buying. This has also encouraged local investors to also build up their portfolios, he added.
Fauji Cement was the volume leader with 60.334 million shares, followed by Maple Leaf Cement 22.630 million shares, Byco Petroleum 20.021 million shares, Jahangir Siddiqui 13.867 million shares and Fatima Fertilizer 13.392 million shares.
Engro Food closed at 100.82, PTCL 17.82, Byco Pak 14.37, Fatima fertilizer 25.88, Maple Leaf Cement 17.86, DG Khan Cement 54.58, NBP 51.88 and Fauji Fertilizer 118.50.
Unilever Food recorded the highest gain of Rs 105 to close at Rs. 3905 followed by Bata Pak which surged by Rs. 41.05 to Rs. 1355 while Unilever Pak dipped by Rs. 35.16 to Rs. 9914.83 and Sanofi Aventis Pak plunged by Rs. 9 to Rs. 316.
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