KAEACHI

The stock market extended warm welcome to new year as the KSE-100 index shot up by 412.64 points or 1.26% to reach a new high at 33,228.95 points yesterday.

Bulls went on the rampage tossing most of the shares with cement sector accounting for more than 30 million shares, analysts said.

Today’s traded volume rose to 124 million shares as compared to 99 million shares that changed hands yesterday. While value also increased to 6.5 billion from 5.5 billion.

Fauji Cement emerged as volume leader with 16.6 million shares, followed by Ist Dawood Bank with 11.7 million shares and DGK Cement with 5.5 million shares.

Out of total 326 traded companies in the session, 233 concluded in green, 73 in red while 20 remained unchanged.

Pak Tobacco with per share price Rs1168.99 (54.80) and Exide Pak with per share price Rs938.99 (31.61) were the gainers in the market.

While Wyeth Pak with per share price Rs2210.00 (110.00) and Bata Pak with per share price Rs3165.25 (104.454) were among the losers.