Wednesday, 18 July 2012 17:17
KARACHI: Bullish trend continued on the Karachi share market on third consecutive day and the benchmark KSE-100 index surged by 151.31 points to close at its intra-day high level of 14,596.59 points on Wednesday.
During the session, the index briefly visited negative zone to drop at 14,442.75 points intra-day low level. However, aggressive buying buy local and foreign investors and institutions supported the index to breach 14,500 psychological level to hit 14,596.80 points intra-day high level.
Trading activities also improved significantly as the volumes at ready counter increased to 167.985 million shares as compared to 105.343 million shares traded on Tuesday.
Total market capitalization increased by Rs 39 billion to Rs 3.724 trillion. Of the total 364 active stocks, 198 closed in positive and 83 in negative while the value of 83 stocks remained unchanged.
Jahangir Siddiqui Co was the volume leader with 17.644 million shares and gained Re 1.00 to close at Rs 15.66.
In the cement sector, DG Khan Cement, Fauji Cement and Lafarge Pakistan increased by Re 0.76, Re 0.24 and Re 0.22 to close at Rs 45.68, Rs 6.09 and Rs 4.89 with 12.464 million shares, 6.751 million shares and 5.352 million shares respectively. Azgard Nine gained Re 0.53 to close at Rs 7.22 with 12.181 million shares.
Hub Power Co inched up by Re 0.17 to close at Rs 43.80 with 6.926 million shares. PTCLA gained Re 0.35 to close at Rs 15.13 with 6.646 million shares. JS Investments increased by Re 1.00 to close at Rs 9.41 with 6.262 million shares. Engro Foods surged by Rs 1.63 to close at Rs 69.29 with 6.068 million shares. Nishat Mills closed at Rs 52.61, up Rs 1.09 with 5.203 million shares.
Unilever Pak and Unilever Food were the top gainers increasing by Rs 124.25 and Rs 88.48 to close at Rs 7280.25 and Rs 2840.98 respectively while Akzo Noble Pak and Philip Morris Pak were the top losers declining by Rs 5.61 and Rs 4.49 to close at Rs 106.78 and Rs 143.52 respectively.
Copyright Business Recorder, 2012