KARACHI: Heavy buying pushed up prices of leading scrips despite profit taking at Karachi Stock Exchange (KSE) Tuesday as 100- Index surged by 79.34 points to close at 12012.02, dealers said.
A dealer at a leading brokerage house said that the market opened with a bullish tone and continued its upward trend on fresh buying in leading scrips. Foreign buyers were also seen active in the market, buying selected scrips.
However, the turnover volume was low at 59.957 million shares as 140 scrips advanced while 123 sustained losses and 95 remained unchanged.
The market capitalisation improved by Rs 19 billion to Rs 3.189 trillion.
Lotte Pak was the volume leader with a turnover of 11.747 million shares followed by JOV Co 4.137 million shares, Jahangir Siddiqui 3.453 million shares, Sitara Paroxide 2.513 million shares and FFBL 2.501 million shares.
Engro Corp closed at 198.55, Lotte Pak 15.72, Jahangir Siddiqui 6.52, Pak Oilfields 328.70 and FFBL 42.05.
Unilever Pak recorded the highest increase of Rs 166.66 to 5266.66 followed by Nestle Pak which moved up by 64.25 to 3463 while Pak Tobacco dipped by 4.36 to 90.75 and Hinopak Motors went down by Rs 2.82 to 90.18.
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