KARACHI - After the promulgation of new capital gain tax rules, market saw renewed activity in selected counters.
Bullish trend were seen at Karachi stock market benchmark KSE-100 share index increased 85.15 points or 0.60 percent to finish the day at 14,217.74 points as compared to the 14,132.59 points of the last working day.
Samar Iqbal Equity dealer at Toline Securities said lower than expected earnings by PTCL and LPCL resulted in some profit taking at upper levels. Investors are keenly observing the developments at the judiciary level also.
KSE-Allshare index gained 46.41 points or 0.47 percent to stop the day at 9,978.08 points, KSE-30 share added 89.45 points or 0.72 percent to end the day at 12,472.32 points while the KMI-30 share index e enlarged 96.35 points or 0.39 percent to close the day at 24,503.02 levels.
Market turnover soared to 306,800 million shares after opening at 297,163 million shares. Trading took place in 369 stocks where loser beat the gainers 183 to 127 while the values of 59 stocks remain intact.
Active list was topped by ICI Inv.Bank with 26,964 million shares as it closed at Rs 3.55 after opening at Rs 2.55. It was followed by Lafarge Pakistan with 25,324 million shares off Re 0.19 to close at Rs 5.30, PTCLA with 19,084 million shares shed Re 0.88 to finish at Rs 13.37, Lotte PakPTA with 19,028 million shares gained Re 0.16 to stop at Rs 8.79 and National BankXDXB with 17,175 million shares added Re 0.36 to close at Rs 49.65.
UniLever Food and Bata (Pak) XD were the top gainer of the day increased by Rs 101.55 and Rs 20.08 while the top losers were led by the Rafhan MaizeXD and UniLever Pak Ltd decreased by Rs 25.47 and Rs 10.34 respectively.