KSE 100-Index gains 113 points before Aashura

Hectic buying improved values of leading and second tier scrips at Karachi Stock Exchange (KSE) Wednesday as 100 Index climbed by 113.45 points to close at 11,786.09, dealers said. Nadeem Chawla, a dealer at a leading brokerage house said that the market was bullish since morning and at one point of time Index crossed 11,800 level on buying spree. However, some profit taking trimmed values and Index slipped to 11,700 level at the close, he added.

However, the turnover volume was low at 120.129 million shares as 187 scrips advanced while 199 sustained losses and 18 remained unchanged.

The market capitalization was improved by about Rs 28.2 billion to Rs 3,204 trillion. Lotte Pak remained the volume leader with a turnover of 11.192 million shares followed by WorldCall 6.451 million shares, NBP 5.923 million shares, Azgard Nine 5.393 million shares and Jahangir Siddiqui 5.216 million shares.

Lotte Pak closed at 13.17, Engro Corp 194.20, Jahangir Siddiqui 11.59, NBP 70.76 and Pak Oilfields 293.15. Unilever Pak recorded the highest increase of Rs 192.56 to 4455.10 followed by Rafhan Maize which moved up by 69.64 to 2149.649 while Colgate Palm dipped by 40.17 to 880 and Pak Engineering went down by Rs 13.75 to 261.25.

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