Monday, 16 July 2012 18:56
KARACHI: The Karachi share market on Monday witnessing bullish trend on the back of investors interest on available attractive low levels and the benchmark KSE-100 index increased by 52.29 points to close at 14,384.58 points.
The market opened on strong positive note and the index breached 14,400 psychological level to hit 14,417.35 points intra-day high level.
Trading activities however remained low as the volumes at ready counter declined to 73.852 million shares as compared to 111.919 million shares traded on last trading session.
Total market capitalization increased by Rs 17 billion to Rs 3.671 trillion. Of the total 357 active stocks, 145 closed in positive and 113 in negative while the value of 99 stocks remained unchanged.
DG Khan Cement was the volume leader with 17.916 million shares and gained Rs 1.15 to close at Rs 44.64. In the other cement sector stocks, Cherat Cement and Lafarge Pakistan declined by Rs 1.54 and Re 0.01 to close at Rs 33.09 and Rs 4.61 with 4.214 million shares and 1.897 million shares respectively while Lucky Cement increased by Re 0.75 to close at Rs 126.63 with 2.497 million shares.
In the banking sector, NIB Bank inched up by Re 0.06 to close at Rs 2.38 with 6.688 million shares while BoP lost Re 0.09 to close at Rs 8.06 with 1.467 million shares.
Engro Foods surged by Rs 3.32 to close at Rs 69.82 with 5.127 million shares. Jahangir Siddiqui Co gained Re 0.24 to close at Rs 14.03 with 2.950 million shares. Fauji Fertilizer Bin Qasim decreased by Re 0.03 to close at Rs 38.69 with 1.759 million shares. Hub Power Co increased by Re 0.41 to close at Rs 43.41 with 1.496 million shares.
Rafhan Maize and Unilever Food were the top gainers increasing by Rs 147.27 and Rs 57.40 to close at Rs 3475.00 and Rs 2867.22 respectively while Colgate Palmolive and Siemens Pakistan were the top losers declining by Rs 44.95 and Rs 21.57 to close at Rs 1195.00 and Rs 645.00 respectively.
Copyright Business Recorder, 2012