KARACH

Bullish activity witnessed at Karachi Stock market on Friday after SECP confirms settlement of KSL outstanding trades in ready and future markets, easing investors; concerns after suspension.

The KSE-100 Index regained the lost momentum by recording an increase of 255.80 points or 0.82 percent and to close end the day at 31494.84 points as compared to 31239.04 points on previous day. Leveraged stocks in cement, fertilizers and textile sectors surged after slash of PIB yields indicating easing SBP policy on interest rates. Easing concern on circular debt in energy sector after ECC approval on gas tariff hike by 30pc played a catalyst role in bullish activity at KSE, said analyst Ahsan Mehanti.

The KSE-All share Index rose by 217.66 points or 0.95 percent and closed at 23138.74, KSE-30 index up by 111.48 points or 0.54 percent and closed to 20610.15, KMI-30 Index gained 272.25 points or 0.54 percent and concluded end of day at 50508.07 points.

High and low were 31545.27 and 31239.04 respectively. Total volume traded in the market was 180,786,923 and in terms of value it was 10,727,988,666. Total traded companies were 374, among them 276 advanced, 81 declined while 17 went unchanged. Top three traders were Jah.Sidd. Co. with a volume 19,598,000 and price per share of 15.84 (1.00), PIAC(A) with a volume 15,114,500 of price per share of 6.61 (0.82) and Lafarge Pak. with a volume 7,234,000 of price per share of 16.50 (0.39). Top three advancers Rafhan Maize with price per share 10900.00 (478.67), Colgate Palmolive with price per share of 1795.00 (85.00) and Shezan Inter. XDXB share of 937.83 (44.65). Unilever FoodsXD with price per share of 9010.00 (-290.00), Fazal Textile XD with price per share of 901.00 (-39.50) and Sanofi-Aventis per share of 822.63 (-37.37) were the top three decliners.