Positive trend continued at Karachi share market on Friday and KSE-100 index rose by 0.22 percent or 22.82 points. The KSE-100 index rose to 10,431.84 points from 10,409.02 points. The market opened in green zone and remained positive for entire day. The index hit 10,473.23 points intra-day high and 10,408.83 points low.
Trading at ready counter declined to 112.609 million shares as compared to 115.332 million shares traded on Thursday. The futures turnover also declined to 2.5 million shares against 2.6 million shares. Market capitalisation surge by Rs 3.55 billion to Rs 2.873 trillion from Rs 2.870 trillion. Trading took place in 383 scrips, of which 181scrips closed in the negative and 178 in the positive, and the value of 24 shares remained unchanged.
Lotte Pakistan PTA was the volume leader with 24.19 million shares and gained Re 0.38 to close at Rs 9.62. Pace Pak increased by Re 0.25 to close at Rs 2.99 with trading volume of 13.5 million shares. Nishat Chunian mounted by Re 0.84 to close at Rs 19.11 with 7.03 million shares. NAMCO Bal Fund decreased by Re 0.39 to close at Rs 2.55 with trading of 7.01 million shares. With 5.5 million shares trading, Nishat Mills gained Re 0.68 to close at Rs 50.86. Jahangir Siddiqui Co decline by Re 0.28 to close at Rs 9.30 with 3.525 million shares. MCB Bank closed at Rs 200.08 with increase by Rs 3.31 and volume of 2.54 million shares.
TRG Pakistan lost Rs 0.08 to close at Rs 4.02 with 2.45 million shares. Nishat Power increased by Re 0.05 to close at Rs 13.35 with 2.285 million shares and with trading of 2.181 million share, Fuji Fertiliser Bin Qasiom closed at Rs 29.43, down by Re 0.54.
Dream World and Colgate Palmolive were the highest gainers and gained Rs 34.01 and Rs 8 to close at Rs 734.00 and Rs 740.00 respectively, while Unilever Pak and Fazal Textile were the worst losers and lost Rs 67.50 and Rs 16.52 to close at Rs 4,007.50 and Rs 320.00 respectively. Ahsan Mehanti at Arif Habib Investments said that positive activity was witnessed on institutional and foreigners' interest in Pakistan banks and fertiliser scrips ahead of major earning announcements next week.
He said that cement sector remained in the limelight as UN approves $1.88 billion rehabilitation, reconstruction for Pakistan. "Expectations rose over pledges in international donors' meeting in Brussels for fighting terrorism and rebuilding after Pakistan floods and higher international oil prices near to $83 played a catalyst role in positive activity at KSE despite concerns for rising political-judiciary conflict in NRO case hearings & rising circular debt in Pakistan Energy sector", he added.
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