KARACHI - Bullish sentiments prevailed in trading session at Karachi Stock Exchange across the board.
The benchmark KSE-100 share index gained 125.68 points or 0.93 percent on Wednesday to close the day’s trading at 13,575.41 points as compared to 13,449.73 points of previous day.
Equity dealer Samar Iqbal said, bull-run at local market continues as KSE index touched a new 4 year high. The positive thing about today’s rally was rising rupee turn over that crosses Rs 9 billion mark after a gap of 14 months.
National Bank of Pakistan once again closed at upper limit as investors hoped that 2012 earnings will be better than last year. Cement stocks continued to remain in the limelight with DGKC increasing by 2.3pc, she added.
KSE-Allshare index added 84.56 points to close the day at 9525.78 points, KSE-30 share index achieved 165.73 points to stop the day at 11903.77 points while KMI-30 share index increased 329.93 points to conclude the session at 23,213.86 level.
Analyst observed that expectations of issuance of SRO on announcements made for CGT issues and reformed CGT regime implementation from April 1 by the Federal Finance Minister affected the sentiment ahead of quarter end close. Investors concerns remained on the prevailing law and order situation in the country.
Volume of business extended to 450.238 million shares up from 352.783 million shares a day earlier. In a total of 375 active issues, 158 shares ended in a plus column, 153 in minus and 64 shares remained unchanged.
BoP was the top traded company of the day with 36.288 million shares down by Re1.00 to close at Rs 10.47, followed by Azgard Nine that shed Re0.55 and closed at Rs 9.32 with 32.827 million shares. Jahangier Siddiqi Company gained Re79 to stop at Rs 22.39 with 31.705 million shares, TRG Pakistan Ltd up by 18 paisas to close at Rs 4.33 with 26.749 million shares and Lafarge Pakistan shed 0.01 paisa to end at Rs 3.96 with 20.797 million shares.
UniLever Pak LtdXD and Indus Dyeing were the highest price gainer of the day increased by Rs 17.38 and Rs 15.38 while the top loser were led by Nestle PakXD and Colgate Palmolive decreased by Rs 61.41 and Rs 42.80 respectively.