Market surpass 29k mark with a positive change of 766 Points

[farhan_9909]

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 29260.29 shares with a positive change of 766.55 and volume of 131,871,010 shares.

High and Low were 29284.64 and 28493.74 respectively. Total volume traded in the market was 182,759,010 shares with 334 total traded companies out of which 269 were up, 55 were down and 10 were unchanged.

Commercial Banks were the top traded sector with total traded volume of 41,812,600 shares. It was followed by Construction and Materials (Cement) with a total traded volume of 38,339,600 shares.

The three top traded companies were Maple Leaf Cement with a volume of 11,905,500 and price per share of 27.96 (1.33), Jah.Sidd. Co. with a volume 9,322,500 of price per share of 9.84 (1.00), Fauji Cement with a volume 8,457,500 of price per share of 19.64 (0.93).

The top three advancers were Nestle Pak. with price per share 7899.99 (339.99), Rafhan MaizeXD with price per share of 10750.00 (250.00) and Bata (Pak) share of 3263.00 (113.00).

The top three decliners were Island Textile with price per share of 929.00 (-32.50), National Foods with price per share of 716.88 (-8.05) and Atlas Honda Ltd per share of 245.35 (-6.65).





Copyright Business Recorder, 2014


RECORDER REPORT: KSE close of day

 

[SBD-3]

Aaj to market rocket bani hue thee ...when the joint session started it was +233 when it ended it was +750. A sign that market now thinks that the political turmoil would be over very soon. Just let the Chinese President arrive, 31K InshAllah

 

[farhan_9909]

Up by more than 350Points again.

The market has almost recovered even before the end of the political crisis

 

[Skywalker]

If it had been any European market then I would have taken it as a positive sign...but just to burst the bubble KSE is nothing but an organized gambling unit, a modernized version of a casino.

The stock market reflects the economy of any country, but unfortunately KSE is nothing like that. Gaining and loosing means nothing in KSE.

Ask any share market investor about gola banana (Urdu words) and he will tell you what does that mean. 29K means our export should be around $50 billion plus minimum an we are not even half of it. This market capitalization is nothing but artificial.