Pakistan Observer

KSE index touches peak on hectic activity

Staff Reporter

Wednesday, January 30, 2013 - KarachióBull dominated the market Tuesday to capitalize on lucrative values as 100 Index of Karachi Stock Exchange (KSE) soared by 167.05 points or 0.98 % to close at record 17,172.04, a dealer said.

Turnover volume was also high at 196.813 million as prices of 184 scrips recorded gains and 154 sustained losses while 22 remained unchanged.

A dealer at a leading brokerage house Zubair Memon said that market was bullish since morning on good financial results and encouraging news on political front. The market capitalization was also improved by Rs 39 billion to Rs 4.285 trillion.

Telecard Ltd was the volume leader with a turnover of 34.705 million shares followed by Fauji Cement 18.978 million shares, DG Khan Cement 13.244 million shares, Engro Corp 11.373 million shares and Worldcall Telecom 8.813 million shares. PSO closed at 229.32, DG Khan Cement 55.57, OGDC 193.39, Engro Food 105.50, Fauji Cement 7.95, Byco Petroleum 13.99 and Engro Corp 95.60.

Unilever Food recorded the highest increase of Rs 175 to 4080 followed by Unilever Pak which went up by 110.94 to 9994.20 while Nestle Pak dipped by Rs 106.25 to 4693.75 and Mitchells Fruits slipped by Rs 11.50 to 321.

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