Baby Leone
SENIOR MEMBER
- Joined
- Aug 25, 2011
- Messages
- 5,437
- Reaction score
- -2
- Country
- Location
KARACHI: The Karachi stock market continued to scale new heights on Thursday as the index once again closed at a historic-high level of 15,845 points level, which was primarily contributed by buying in Oil and Gas Development Company (OGDC) and Nestle Pakistan.
The Karachi Stock Exchange (KSE) 100-share index gained 91.48 points or 0.58 percent to close at 15,845.30 points as compared to 15,753.82 points of the previous session. The KSE 30-share index was up 15.58 points to close at 13,063.89 points as compared with 13,048.31 points of the previous session.
The market turnover declined 19.52 percent and traded 106.90 million shares after opening at 132.83 million shares. The overall market capitalisation rose 0.55 percent and traded Rs 3.985 trillion as against Rs 3.963 trillion. Gainers outnumbered losers 173 to 157, while 21 stocks were unchanged.
The market once again closed at a new high of 15,845 points due to buying in OGDC and Nestle Pakistan, said Topline Sec dealer Samar Iqbal. However, volumes shrunk by 30 percent to Rs 3.7 billion.
On account of pre-result rally Pakistan Telecommunication Company Ltd (PTCL) continued to remain in the limelight amid better earnings anticipation, he said and added that while renewed buying interest in Engro Foods helped it to gain Rs 1.53.
The KMI 30-share index was down by 30.66 points to close at 27,910.52 points from its opening at 27,941.18 points. The KSE all-share index closed with a gain of 62.66 points to 11,173.67 points as against 11,111.01 points.
The market stayed on the gaining ground from the wee hours of trade led by low volume gain in Nestle and well supported by OGDC and banks stocks, said Escorts Capital Chief Operating Officer Husnein Asghar Ali.
Although green stayed the colour of the trading day, volumes however dried down, mainly due to historic high levels of the equity market.
PTCL was the volume leader in the share market with 15.96 million shares as it closed at Rs 19.98 after opening at Rs 19.80, gaining 18 paisas. Engro Food Ltd traded 5.10 million shares as it closed at Rs 71.39 from its opening at Rs 69.97, increasing Rs 1.42. Askari Bank traded 4.70 million shares and closed at Rs 15.86 as compared to its opening at Rs 15.67, rising nine paisas. Summit Bank traded 4.26 million shares as it closed at Rs 3.20 as against its opening at Rs 2.98, appreciating 22 paisas.
Daily Times - Leading News Resource of Pakistan
The Karachi Stock Exchange (KSE) 100-share index gained 91.48 points or 0.58 percent to close at 15,845.30 points as compared to 15,753.82 points of the previous session. The KSE 30-share index was up 15.58 points to close at 13,063.89 points as compared with 13,048.31 points of the previous session.
The market turnover declined 19.52 percent and traded 106.90 million shares after opening at 132.83 million shares. The overall market capitalisation rose 0.55 percent and traded Rs 3.985 trillion as against Rs 3.963 trillion. Gainers outnumbered losers 173 to 157, while 21 stocks were unchanged.
The market once again closed at a new high of 15,845 points due to buying in OGDC and Nestle Pakistan, said Topline Sec dealer Samar Iqbal. However, volumes shrunk by 30 percent to Rs 3.7 billion.
On account of pre-result rally Pakistan Telecommunication Company Ltd (PTCL) continued to remain in the limelight amid better earnings anticipation, he said and added that while renewed buying interest in Engro Foods helped it to gain Rs 1.53.
The KMI 30-share index was down by 30.66 points to close at 27,910.52 points from its opening at 27,941.18 points. The KSE all-share index closed with a gain of 62.66 points to 11,173.67 points as against 11,111.01 points.
The market stayed on the gaining ground from the wee hours of trade led by low volume gain in Nestle and well supported by OGDC and banks stocks, said Escorts Capital Chief Operating Officer Husnein Asghar Ali.
Although green stayed the colour of the trading day, volumes however dried down, mainly due to historic high levels of the equity market.
PTCL was the volume leader in the share market with 15.96 million shares as it closed at Rs 19.98 after opening at Rs 19.80, gaining 18 paisas. Engro Food Ltd traded 5.10 million shares as it closed at Rs 71.39 from its opening at Rs 69.97, increasing Rs 1.42. Askari Bank traded 4.70 million shares and closed at Rs 15.86 as compared to its opening at Rs 15.67, rising nine paisas. Summit Bank traded 4.26 million shares as it closed at Rs 3.20 as against its opening at Rs 2.98, appreciating 22 paisas.
Daily Times - Leading News Resource of Pakistan
