RECORDER REPORT: KSE close of day

Wednesday, 22 February 2012 18:00

KARACHI: Bullish trend continued at the Karachi share market on Wednesday and the KSE-100 index increased by 59.22 points to close at 12,603.67 points.

The market opened on a strong positive note and the index hit 12,664.15 points intra-day high level. Profit taking in some stocks in late hours, minimized the intra-day gains however the index managed to close above 12,600 psychological level.

Trading activities slightly reduced as the volumes at ready counter declined to 272.371 million shares as compared to 322.473 million shares traded on Tuesday. Total market capitalization increased by Rs 13 billion to Rs 3.286 trillion. Of the total 346 active stocks, 143 closed in negative and 128 in positive while the value of 75 stocks remained unchanged.

Bank Al Falah was the volume leader with 26.188 million shares and gained Re 0.43 to close at Rs 13.88. In other banking sector stocks, BoP lost Re 0.70 to close at Rs 8.40 with 18.066 million shares while Soneri Bank and Askari Bank increased by Re 1.00 and Re 0.52 to close at Rs 5.88 and Rs 12.68 with 14.684 million shares and 13.894 million shares respectively.