KARACHI: The Karachi share market on Tuesday witnessed bullish trend on the back of investors’ interest in E&P, cement, fertilizer and banking sector stocks.
The benchmark KSE-100 index increased by 225.61 points and closed at the level of 13,303.33 points.
Trading activities however remained low as the volumes at ready counter reduced to 247.813 million shares as compared to 256.860 million shares traded on Monday. Total market capitalization increased by Rs 47 billion to Rs 3.428 trillion. Of the total 362 active stocks, 175 closed in positive and 98 in negative while the value of 89 stocks remained unchanged.
Jahangir Siddiqui Co was the volume leader with 43.532 million shares and gained Re 0.57 to close at Rs 17.96.
Fresh buying was seen in the cement sector as DG Khan Cement, Lafarge Pakistan, Dewan Cement and Fauji Cement increased by Rs 1.51, Re 0.29, Re 0.32 and Re 0.26 to close at Rs 31.81, Rs 3.88, Rs 4.54 and Rs 5.44 with 15.301 million shares, 13.478 million shares, 7.917 million shares and 7.765 million shares respectively.
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