KARACHI
Stocks Tuesday ended bullish ahead of year end close led by selected scrips across the board on strong valuations.
Rally was led by second and third tier stocks in cement and textile sectors impacted by reduced power tariff approved by Nepra and over leveraged scrips on falling CPI Inflation data. Reports on Pak-Russia $1.7b energy deal and improved data on trade balance depicting rising exports for Nov'14 YoY led by textile sector after GSP Plus status played a catalyst role in bullish activity at KSE, states market analyst Ahsan Mehanti.
The benchmark KSE-100 Index up by 258.76 points or 0.82 percent and settled at 31750.38 points.
The All-Shares Index rose by 220.08 points or 0.31 percent and concluded end of the day at 23110.68 points, KSE-30 Index increased by 202.46 points and closed at 20642.21 points while KMI-30 Index extended by 158.41 points and finished at 50741.99 points. Higher and low were 31769.61 and 31490.22 respectively.
The cement sector was in spotlight in the market but K-Electric was the volume leader with 24,096,500 shares and per share price 9.20 (0.22), Bank of Punjab stood second with 19,129,500 shares and per share price 10.37 (0.39), while TRG Pak Ltd with 16,036,500 shares and per share price of 15.19 (0.63) and WorldCall Telecom with 14,881,000 shares and per share price 1.84 (0.12) were on third and four tiers.
Total traded companies were 380 out of which 216 were in plus, 139 in minus and 25 went unchanged.
Total volume traded in the market was 299,292,877 and in term of exchange it was 14,607,263,527.
Unilever Food with per share price 8495.00 (384.00) and Bata with per share price 3550.00 (133.28) were among the advancers. While Wyeth Pak Ltd with per share price 4000.00 (-129.00) and Muree Brewery with per share price 1011.88 (-53.12) were among the decliners.