Friday, 04 May 2012 18:45
KARACHI: Bullish trend continued on the Karachi share market on Friday and the benchmark KSE-100 breached 14,600 psychological level on the back of strong interest of foreign investors coupled with healthy buying by local participants and institutions.
The KSE-100 index registered healthy increase of 192.36 points and closed at the level of 14,612.28 points.
The foreign investors' strong interest continued and they remained net buyers of shares worth $19.6 million, the 32-months highest foreign investment since August 31, 2009 at the local equity market.
The market opened on a strong positive note and the index hit 14,627.95 points intra-day low level. Trading activities further improved due to aggressive participation of both local and foreign investors and daily volumes at ready counter increased to 335.166 million shares as compared to 293.970 million shares traded on Thursday. Total market capitalization increased by Rs 47 billion to Rs 3.730 trillion. Of the total 394 active stocks, 182 closed in positive and 154 in negative while the value of 58 stocks remained unchanged.
Copyright Business Recorder, 2012