KARACHI - Expectation of strong year end earnings announcements for banks, higher local POL prices played a catalyst role in bullish sentiments at KSE.
At Karachi stock exchange market benchmark KSE-100 index share jumped 154.30 points or 1.29 percent to finish the day at 12136.92 points as compared to the 11982.62 points of the last working day on Friday.
KSE-All-share index increased by 111.57 points or 1.34 percent to stop the day at 8426.35, KMI-30 share index increased 123.25 points or 1.09 percent to end the day at 11381.33 points while the KMI-30 index enlarged 221.45 points or 1.02 percent to close the day at 21858.13 level.
Stocks closed bullish in the earnings announcement session led by oil, banking and fertilizer scrips after bull run in global stocks and commodities on strong US employment data, said an analyst Ahsan Mehanti. Stocks managed to close higher despite concerns for uncertain political outlook on NRO implementation case proceedings and Supreme Court indictment of PM on Feb13.
Bourse traded 196.299 million shares after opening at 130.416 million shares.
Trading took place in 349 stocks where gainers held a strong lead over the losers at 195 to 79 with 75 shares holding on to the last levels
The active list was topped by the Jahangir Siddiqi Company with 32.148 million shares as it closed at Rs 7.56 after opening at Rs 7.46, DGK Cement traded 12.625 million share with the gain of 61 paisas followed by the Lafarge Pakistan, Bank Al-Falah and National Bank with turnover of 9.829 million, 8.244 million and 8.028 million shares respectively.
Prominent gainers were led by the Indus Dyeing and Nestle PakistanXD up Rs 20.14 and Rs 16.43 while the top losers were led by the UniLever Pakistan Limited and National Refinery down Rs 18.94 and Rs 3.05 respectively.