The KSE-100 index gained 139 points to close at 14,310 points as US has pledged to release $1.1 billion to Pakistan and appreciation of rupees against the dollar. Volume also increased when compared to yesterday and stood at 94 million. Major positive activity was seen in cement stocks on anticipation that they would announce healthy full year results and payouts, dealer observed here on Friday.
At local equity market benchmark KSE- 100 share index posted fresh gain of 139.27 points or 0.98 percent to stop the day’s trading at 14,310.18 points as compared to 14,170.91 points of the previous session.
Experts said equity market closed bullish as investors speculated ahead of SECP chairman visit to KSE to discuss pending issues. Institutional interest witnessed in stocks across the board ahead of corporate earning announcements due next week amid hopes for recovery in global stocks and commodities. Hopes for improvement in macroeconomic situation after release of US coalition support funds kept sentiments positive, he added.
KSE-Allshare index increased by 97.14 points or 0.98 percent to end the day at 10,055.39 points, KSE-30 share index added 141.56 points or 1.15 percent to conclude the days trading at 12,452.00 while the KMI-30 share index higher by 229.23 points or 0.94 percent to settled at 24,732.56 points.
Market traded 94.336 million shares after opening at 38.844 million shares and the value of traded shares was climbed to Rs 3.756 billion from Rs 1.703 billion. The capitalisation of Karachi stock exchange settled at Rs 3.644 trillion as compared to the Rs 3.608 trillion of a day earlier.
Business took place in 330 companies where gainers held a strong lead over the losers 159 to 73 while the values of 98 stocks remained intact. UniLever Pak and Nestle Pakistan were the highest price gainers of the day increased by Rs 45.00 to Rs 7,290.00 and Rs 44.29 to Rs 4116.71. Siemens Pakistan and Mithchells Fruit were the top losers of the day shed by Rs 7.97 to Rs 672.03 and Rs 7.97 to Rs 262.03.
Dera Gahzi Khan Cement was the volume leader on the third consecutive day of trading week with 17.835 million shares higher by Re 01 to Rs 42.72. Engro Food Limited was on the second position with 6.271 million shares added Rs 3.08 to Rs 67.93. It was followed by JS.Co with 5.947 million shares up Re 0.41 to Rs 13.51, Bank Al-Falah with 5.076 million shares augmented Re 0.19 to Rs 17.88 and Fatima Fertilizer Company with 4.588 millions shares gained Re 0.19 to Rs 25.45.
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