KSE gains 57.87 points on blue chips buying

KARACHI - Stocks higher amid profit taking with thin trade as investor’s interest held in blue chip stocks ahead of earning announcements due next week.  At local equity market benchmark KSE-100 share index added 57.87 points or 0.41 percent to finish the day’s trading at 14,200.79 points as compared to 14,142.92 points of the previous day. Dealers said with the help of local investors market continued its upward momentum and closed at 14,200 points market a level not seen in 7 weeks. Fertilizer and cement sectors remained in the limelight on the expectation of healthy June-end results. PTC also saw healthy volume and closed Rs.0.18 up.KSE-Allshare index gained 42.16 points or 0.42 percent to close the day at 9,977.94 points, KSE-30 share index increased 55.69 points or 0.45 percent to stop the day at 12,302.60 points while KMI-30 share index higher by 99.39 points or 0.41 percent to end the day at 24,402.55 points. Experts observed expected Pak-US resolution on NATO supply routes as defense committee meets to discuss ties, recovery in global stocks and commodities and expectations for flow-in of foreign portfolio investment on improvement in Pak-US ties played a catalyst role in bullish sentiments. Business took place in 347 companies where 147 closed in positive and 114 in negative while the values of 86 stocks remained intact. Colgate Palmolive and Clariant Pakistan were the highest price gainers of the day increased by Rs 20.09 to Rs 1000.09 and Rs 5.83 to Rs 181.08. UniLever Food and Siemens Pakistan were the top losers of the day decreased by Rs 133.31 to Rs 2564.89 and Rs 34.10 to Rs 713.00. Active list was topped by DGK Cement with 11.529 million shares as it closed at Rs 41.08 after opening at Rs 41.28. PTCLA was on the second position with 10.965 million shares higher by Re 0.26 to lock at Rs 14.60. It was followed by JS.Co with 9.530 million shares extended by Re 0.14 to stop at Rs 13.55, Fauji Cement with 7.737 million shares up Re 0.16 to end at Rs 5.90 and Fauji Fertilizer with 7.442 million shares augmented by Re 0.34 to stop at Rs 114.28. 

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