AGL 38.01 Decreased By ▼ -1.57 (-3.97%)
AIRLINK 126.52 Decreased By ▼ -4.70 (-3.58%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.44 Decreased By ▼ -0.27 (-5.73%)
DCL 7.90 Decreased By ▼ -0.54 (-6.4%)
DFML 37.32 Decreased By ▼ -4.15 (-10.01%)
DGKC 78.00 Decreased By ▼ -4.09 (-4.98%)
FCCL 30.93 Decreased By ▼ -2.17 (-6.56%)
FFBL 69.99 Decreased By ▼ -2.88 (-3.95%)
FFL 11.94 Decreased By ▼ -0.32 (-2.61%)
HUBC 104.60 Decreased By ▼ -6.14 (-5.54%)
HUMNL 13.60 Decreased By ▼ -0.91 (-6.27%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.90 Decreased By ▼ -2.00 (-5.14%)
NBP 66.35 Increased By ▲ 2.34 (3.66%)
OGDC 181.50 Decreased By ▼ -11.32 (-5.87%)
PAEL 24.40 Decreased By ▼ -1.28 (-4.98%)
PIBTL 7.21 Decreased By ▼ -0.13 (-1.77%)
PPL 144.49 Decreased By ▼ -9.58 (-6.22%)
PRL 24.51 Decreased By ▼ -1.32 (-5.11%)
PTC 16.49 Decreased By ▼ -1.32 (-7.41%)
SEARL 78.70 Decreased By ▼ -3.60 (-4.37%)
TELE 7.30 Decreased By ▼ -0.46 (-5.93%)
TOMCL 32.00 Decreased By ▼ -1.46 (-4.36%)
TPLP 8.15 Decreased By ▼ -0.34 (-4%)
TREET 16.50 Decreased By ▼ -0.12 (-0.72%)
TRG 54.75 Decreased By ▼ -2.65 (-4.62%)
UNITY 27.56 Increased By ▲ 0.05 (0.18%)
WTL 1.32 Decreased By ▼ -0.05 (-3.65%)
BR100 10,147 Decreased By -357.6 (-3.4%)
BR30 29,680 Decreased By -1546.8 (-4.95%)
KSE100 95,188 Decreased By -2892 (-2.95%)
KSE30 29,676 Decreased By -882.9 (-2.89%)

Indian shares rose nearly three percent to hit three-week closing highs on Thursday as investors bought stocks on expectations of strong growth in Asia's third-largest economy.
There was no trading in the currency market as banks were shut for closure of accounts for the fiscal year to March.
Government bonds rose on expectations easy availability of funds will stoke a rally in coming weeks amid expectations of a declining trend in inflation.
The benchmark 30-issue Mumbai share index closed up 2.69 percent at 5,740.85 points, its highest close since March 10. The index has now risen about four percent in two straight sessions but is down 1.7 percent in 2004.
"A combination of factors are at play, and certainly the news of economic growth has helped sentiment," said Abhay Aima, the head of equities and private banking at HDFC Bank.
Government data on Wednesday showed the farm-dependent economy grew by 10.4 percent in the third fiscal quarter ended December, stoking hopes it expanded by more then eight percent in the full financial year to March.
Automobile stocks rose on expectations of strong sales in a booming economy.
Tata Motors Ltd, India's biggest truck and bus maker, gained 1.9 percent to 495.15 rupees while Ashok Leyland Ltd, its nearest rival, jumped 3.9 percent to 263.50 rupees.
Hero Honda Motors Ltd, the biggest motorcycle maker, spurted 2.3 percent to 501.80 rupees after it said bike sales in March jumped 66 percent from a year earlier to 192,181 units.
Maruti Udyog Ltd, India's biggest car maker, climbed 4.0 percent to 516.80 rupees after it said vehicles sales in the year ended March jumped about 30 percent to 472,122 units.

Copyright Reuters, 2004

Comments

Comments are closed.