KARACHI

The Karachi Stock Exchange benchmark 100-index posted a fresh gain of 387 points at the start of the trading week, to conclude the session at 29705.07 points compared to 29318.06 points of the last working day on Friday.

Samar Iqbal AVP at Topline Securities said index increased by 1.26pc , institutional buying helped index to recover last week’s loses. Moody’s rating agency raised Pakistan debt outlook to stable from negative. Renewed interest in PSO helped the stock to gain 4.70pc with healthy volumes. PTC also rallied ahead of its result announcement tomorrow (on Tuesday).

KSE Allshare index grew by 224.14 points or 1.04 percent to end the day at 21818.51 points, KSE-30 index up by 308.82 points or 1.52 percent to stop the trading  at 20568.65 points while KMI-30 index increased by 666.98 points or 1.41 percent to finish the day at 48034.35 points.

The day turnover of market was 91.080 million shares after opening at 54.864 million shares and the value of traded shares was climbed to Rs 6.007 billion from Rs 2.709 billion. The capitalisation of the market maintained at Rs 6.972 trillion compared to Rs 6.901 trillion of the previous session.

Trading took place in 332 companies where gainers outnumbered the losers 206 to 92 while the value of 34 stocks remained intact. Rafhan Maize was the biggest price gainer of the day up by Rs 556.37 to Rs 11683.87 followed b Murree Brewery up by Rs 28.52 to Rs 937.60. Wyeth Pak Ltd and Mithchells Fruit were the biggest price losers of the day decreased by Rs 207.46 to Rs 4020.04 and Rs 13.99 to Rs 656.

Active list was topped by Lafarge Pak with 5.696 million shares as it closed at Rs 16.16 after opening at Rs 15.86. Pak Electron Ltd was the second highest on volume chart with 5.599 million shares up by Rs 1.44 to Rs 28.04. It was followed by Fauji Cement with 5 million, JS BanK Ltd with 4.347 million, Hascol Petrol with 3.274 million, PTCL with 3.251 million, Maple leaf Cement with 2.937 million, PSO with 2.579 million, United Bank with 2.300 million and Engro Corp with 2.294 million shares respectively.

ISE-10 index stays bullish: The Islamabad Stock Exchange Monday witnessed bullish trend as the ISE-10 index was up by 53.69 points to close at 4542.32 points. A total of 111,600 shares were traded, which showed a positive growth of 102,000 shares, when compared with previous day’s trading of 9,600 shares.

Out of 131 companies, share prices of 100 companies recorded increase while those of 31 companies decreased in today’s trading.

The share price of Murree Brewery increased by Rs 30.92 while that of Pakistan Tobacco decreased by Rs 50 per share.

Hascol Petroleum, Bank of Punjab and Silkbank remained the top trading companies with 110,000, 1,000 and 500 shares respectively.