Karachi Share Market witnessed again an all-time-high trend on third consecutive day as the benchmark 100-index gained 230.14 points or 1.25 percent to close at 18,575.88 points against 18,345.74 points on a day earlier. The local bourse market opened in green zone and it sustained the same trend till the end of trading day. The KSE 100-index touched ever highest level of 18,590.32 points during the intraday trading.
Commenting on the market performance, Zafar Moti, a senior member KSE and Chairman ZMC Securities told Business Recorder that cement sector led the share market and investor's interest in the trading was very keen. He said things were moving smoothly on the economical and political fronts resulting the confidence of investor been developed in shares' trading in comparison of last week.
On Wednesday, the market capitalisation witnessed a big jump of Rs 76.54 billion and it was closed at Rs 4.569 trillion from Rs 4.492 trillion, while the trading side could not maintain that level of higher trend and the turnover closed at 203.382 million against 225.214 million shares.
A big number of 202 companies remained in the green zone out of total 357 active scrips, while 135 lost their share prices and only 20 share's prices remained unchanged. Unilever PakSPOT and Nestle Pakistan were the highest gainers of the day, as their share prices increased by Rs 1676.55 and Rs 288.69 to close at Rs 15,000 and Rs 6062.64 respectively.
And the two companies including Sunrays Textile, Pak Services remained the great losers with share prices decreased by Rs 9.99 and Rs 5.84 to close at Rs 250 and Rs 200 respectively. Eight out of 10 companies available in "Top Ten" chart witnessed addition in their share prices and only two scrips faced decrease. Maple Leaf Cement was declared as "Volume Leader" as it gained 64 paisa, closed at Rs 20.32 and the turnover was some 20.93 million.
Lafarge Pakistan also gained 13 paisa, share price closed at Rs 7.13 on some 20 million shares trading, and Fauji cement witnessed bullish trend, with addition of four paisa, closed at Rs 8.81 on some 19.1 million shares. Engro Corporation ended higher with increase of 94 paisa, closed at Rs 136.23 on some 10.5 million shares, PIAC (A) gained four paisa to close at Rs 7.01 on some 10.27 million shares, and Dewan Cement also got 25 paisa, share price closed at Rs 5.34 on some 7.99 million shares.
The share price of Jah Sidd Co XD witnessed negative trend on the second day also, low by 34 paisa, closed at Rs 12.71 on some 7.01 million turnover, while DGK Cement gained Rs 1.27, closed at Rs 73.43 on some 6.97 million shares trading and Worldcall Telecom also closed with positive sign, its share price increased by 21 paisa, and closed at Rs 3.17 on some 5.81 million shares trading. The last one among the "top 10" was Fauji Fertiliser XD, which shed Rs 1.69 and the share price closed at Rs 110.48 with some 5.76 million shares trading.
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