KARACHI: Upward trend continued on the Karachi share market on Monday on the back of local retail investors, institutions and foreigners support.
The benchmark KSE-100 index gained 29.80 points and closed at the level of 13,382.54 points with record high volumes.
After positive opening the index breached 13,500 psychological level to hit 13,553.11 points intra-day high level. However profit taking in late hours minimized intra-day gains.
On the back of aggressive buying by local retail investors, institutions and foreign participants, daily trading activities improved tremendously and the volumes at ready counter increased to 576.823 million shares as compared to 552.793 million shares traded on last trading session.
Total market capitalization increased by Rs 4 billion to Rs 3.476 trillion. Of the total 389 active scrips, 179 closed in positive and 134 in negative while the value of 76 stocks remained unchanged.
NIB was the volume leader with 58.663 million shares and gained Re 0.18 to close at Rs 3.03.
Nestle Pakistan and Pak. Int. Con. were the highest gainers increasing by Rs 9.55 and Rs 7.04 to close at Rs 4032.68 and Rs 147.96 respectively while Rafhan Maize and National Refinery were the worst losers declining by Rs 149.36 and Rs 7.05 to close at Rs 2839.34 and Rs 261.05 respectively.
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