AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Indian share prices recovered 1.53 percent on Tuesday led by banking stocks after lender ICICI Bank's record share sale was fully subscribed on its first day, dealers said. They said funds bought into capital goods and automobile stocks too.
The 30-share Sensex index rose 215.36 points to 14,295.5, snapping two days of losses. Gainers led losers 1,403 to 1,144 on volume of 43.26 billion rupees (1.06 billion dollars). The rupee was flat against the dollar at 40.76 and was also unchanged against the euro at 54.58. The local portion of ICICI Bank's sale was oversubscribed 1.8 times, bankers to the issue said, indicating strong demand from funds.
In India, the bank plans to raise up to 2.15 billion dollars through the offer and an equal amount through American Depository Receipts for a total of 4.3 billion dollars. The offer in both countries closes Friday. "The markets saw some fresh buying momentum. This could be relief buying and we expect the markets to remain rangebound in coming days," said Manoj Kakaiya, a dealer with brokerage ULJK Securities.
ICICI Bank rose 26.55 rupees or 2.89 percent to 944.4 while the country's largest Lender State Bank of India rose 54 rupees or 4.1 percent to 1,372.4. Engineering firm Larsen and Toubro rose 68.5 rupees or 3.56 percent to 1,995.7 while India's largest motorcycle maker Hero Honda rose 12.1 rupees or 1.85 percent to 665.8.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.