KARACHI  - Bourse continued the positive momentum where benchmark index gained 52 points and reached at a new high at 25350.20 points.
KSE-Allshare index marginally up by 0.80 percent to end the day at 18694.78 points, KSE-30 share index higher by 31.65 points or 0.17 percent to close the day at 18933.52 points while KMI-30 share index increased by 53.61 points or 0.13 percent to conclude the days’ trading at 42559.21 points.  Renown stock dealer Zafar Motti said participation at the bourse also remained on the healthy side with volumes improving by 3pc to Rs10.4b. Rally was seen in cement sector scrips on the back of price increase by cement manufacturers.  Moreover, due to improving margins and expectation of better dividends, investors’ interest was also witnessed in banking sector scrips. While some profit taking was seen in scrips like PSO, FFC, and FFBL. Top volume leaders comprised of FABL, FCCL and BAFL with trade of 36.5m, 12.9m and 12.8m shares respectively, he added.
The day turnover of KSE on Tuesday was 259.177 million shares compared to 278.110 million shares of a day earlier. Traded value of the stocks climbed to Rs 10.421 billion from Rs 10.101 billion and the capitalisation of the market settled at Rs 6.081 trillion from Rs 6.080 trillion of a day earlier.  Concerns for rising circular debt after PM disapproval on gas tariff raise next month, $308m IMF repayments due this month impacted the sentiments despite positive expectations on economic growth after EU grant on GSP plus status to Pakistan exports which is expected to increase country’s exports by $2b, analyst observed.  During the session 378 companies exchange hands where 200 closed in positive and 156 in negative while the value of 22 stocks remained intact. Nestle Pak led the downhill trend decreased by Rs 369 to Rs 8401 followed by Exide (PAK) shed by Rs 11.67. Unilever Foods and Rafhan Maize were the biggest price gainers of the day up by Rs 270 to 10370 and Rs 201.54 to Rs 8000. Faysal Bank topped the active list with 36.567 million shares as it closed at Rs 11.47 after opening at Rs 10.78. Fauji Cement holds the second position with 12.916 million shares up by Re 0.02 to Rs 14.42.
It was followed by Bank Al-Falah with 12.848 million shares up by Re 0.73 to Rs 27.38, Dera Ghazi Khan Cement with 12.848 million shares gained Rs 1.3 to Rs 83.01 and Maple Leaf Cement with 10.076 million shares grew by Re 0.40 to Rs 27.