KSE gains 52.61 points on Pak-US ties hopes

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2012-07-26T00:56:02+05:00 Our Staff Reporter

KARACHI - Stocks closed bullish on investors hopes for improvement in Pak-US ties on signing of Nato supply agreement.At local stock market benchmark KSE-100 share index posted fresh gain of 52.61 points or 0.36 percent to stop the day’s trading at 14,564.68 points as compared to the 14,512.07 points of the previous day. Dealers said better than expected FFC result and 2 weeks time to the government by Supreme Court helped equity values. FFC witnessed volume of 3.9 million shares gained Rs1.38. DGKC witnessed 4.5 million shares while Nishat also saw 4.4 million shares turnover. KSE-Allshare index added 37.39 points or 0.37 percent to end the day at 10,240.68 points, KSE-30 share index increased 54.82 points or 0.44 percent to close the day at 12,633.12 points while KMI-30 share index up by 120.82 points or 0.49 percent to finish the trading session at 25,013.21 points. Analysts observed record earning announcement by UBL and renewed foreign interest in blue chip stocks played a catalyst role in bullish sentiments in stocks across the board at KSE despite concerns for $4.51b current account deficit and downgrade of blue chip banks.Market traded 57.450 million shares after opening at 56.853 million shares and the value of traded shares was climbed to Rs 2.556 billion from Rs 1.442 billion. The market capitalisation settled at Rs 3.715 trillion as compared to Rs 3.701 trillion of a day earlier.  At local equity market 252 companies participated in the trading session where gainers beat the losers 129 to 96 and the values of 27 stocks remained intact. UniLever Pak was the biggest loser of the day decreased by Rs 25.00 to Rs 7325.00 followed by Hinopak MotorXD Rs down by Rs 3.79 to Rs 72.09. Shezan Inter and Millat Tractor were the highest price gainers of the day increased by Rs 9.82 to Rs 206.34 and Rs 6.76 to Rs 510.48. JS.Co was the volume leader of the day with 5.232 million shares gained Re 0.42 to close at Rs 15.59. Dera Ghazi Khan Cement was on the second position with 4.511 million shares up by Re 0.37 to finish at Rs 45.31. It was followed by Nishat Mills Limited with 4.486 million shares higher by Rs 1.25 to lock at Rs 53.45, Fauji Fertilizer with 3.944 million shares improved by Rs 1.26 to end at Rs 118.69 and Askari Bank with 3.374 million shares up by Re 0.14 to close at Rs 15.50.

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