KARACHI - It was a historic day at Karachi bourse today. After a gap of more than four and a half years the benchmark KSE index closed at an all time high level of 15712.21. Investors believe that further decline in the interest rate in the upcoming monetary policy will flow money to the stock market. With 186 companies closed up, 124 closed in negative, dealers observed her on Wednesday.
At local bourse KSE 100 share index added63.92 points or 0.41 percent to close the day at 15712.21points as compared to15648.29 points of the previous day.
KSE-Allshare index up by 46.18 points or 0.42 percent to end the day at 11080.63 point, KSE-30 share index higher by 40.77 points or 031 percent to close the day at 13241.60 point while KMI-30 share index increased by 174.82 points or 0.62percent to conclude the trading session at 28262.12 points.
Bourse traded 107.651million shares after opening at140.793 million shares and the value of traded share was minimized to Rs4.200 billion from Rs 5.960 billion. Stock capitalization maintained at Rs 3.954 trillion as compared to Rs 3.947 trillion of a day earlier.
Trading took place in 337 companied where gainers held a strong lead over the loser where 189 close in positive and 125 in negative where the values of 23 stock s remain intact. Uni Lever Pak was the highest price gainer of the day increased by Rs 500 to close at Rs 10500 while Rafhan Maize Prod was the biggest loser of the day down by Rs 99 to close at Rs 3800.
JS Company was the volume leader of the day with 13.354 million shares as it close at Rs 13.99 after opening at Rs 13.43. It was followed by Nishat Mills Limited with 4.323 million shares to stop at Rs 58.85,Askari Bank Limited with 4.323 million shares to end at Rs 15.47, P.T.C.L.A with 4.229 million shares Close at Rs 19.75 and Azgfard Nine with 3.771 million shares to conclude at Rs 6.19.