KSE index crosses 7000 level on bulls’ return

KARACHI: Hectic buying improved values of leading scrips at Karachi Stock Exchange (KSE) Tuesday as 100-Index surged by 194.78 points to close at 7085.78, dealers said. The turnover volume was high at 155.985 million shares as prices of 207 scrip’s recorded gains while 99 sustained losses and 7 remained unchanged.
A dealer at a leading brokerage house said that market was opened on a positive note and 100-Index climbed above 7100 on heavy buying. However, some profit taking eroded values, he added. The market capitalization was improved by about Rs 54.2 billion to Rs 2.099 trillion.
Jahangir Siddiqui Co was the volume leader with a turnover of 11.220 million shares followed by Pak PTA 10.975 million shares, OGDC 8.171 million shares, Arif Habib Sec 7.937 million shares and NBP 6.854 million shares.
Bank Al-Falah closed at 11.50, Arif Habib Sec 27.69, Lucky Cement 58.44, Bank of Bank 11.89, Pak PTA 3.35, Jahangir Siddiqui Co 25.31, OGDC 75.56 and NBP 63.13.Nestle Pak recorded the highest gain of Rs 33.27 to close at 956.44 followed by Siemens Pak which moved up by Rs 30 to 1010 while Wyeth Pak dipped by Rs 50.77 to 1300 and Fazal Tex went down by Rs 17 to 375.

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