The Karachi share market on Friday witnessed positive trend and KSE-100 index gained 38.74 points to close at 9,776.21 points from 9,737.47 points. The index hit 9,823.64 points intra-day high and 9,736.60 points low. Despite positive trend, trading volume at ready counter declined to 227.13 million shares as compared to 236.252 million shares traded on Thursday.
Market capitalisation surged by Rs 11.908 billion to Rs 2.812 trillion from Rs 2.80 trillion. Of 380 active scrips, 222 closed in positive and 137 in negative, while the value of 21 scrips remained unchanged. PTCL was the volume leader with 25.12 million shares and it closed at Rs 19.52 with Re 0.42 gain. Jahangir Siddiqui Co was on second number with 18.79 million shares and it lost Re 0.15 to close at Rs 36.36. TRG Pakistan gained Re 0.10 to close at Rs 2.53 with 17.99 million shares.
Pace (Pak) surged by Re 0.34 to close at Rs 6.29 with trading of 16.95 million shares. Lotee Pakistan lost Rs 0.19 to Rs 8.95 with trading volume of 16.61 million shares. Arif habib Sec with trading volume of 11.66 million shares decreased by Rs 1.14 to close at Rs 49.33 and Azgard Nine gained Re 0.30 to close at Rs 22.56 with 8.15 million shares.
Nishat (Chunian) closed at Rs 22.79 with 7.61 million shares. Fauji Fertiliser Bin Qasim with an increase of Re 0.45 closed at Rs 26.75 with 7 million shares, and Bosicor increase by Re 0.35 to close at Rs 11.75 with 5.3 million shares.
UniLever Food and UniLever Pakistan were the highest gainers with Rs 66.00 and Rs 26.88 to close at Rs 1,415.00 and Rs 2,428.55 respectively, while Pak Services and Shezan International were the worst losers with Rs 7.50 and Rs 6.65 to close at Rs 154.01 and Rs 126.35 respectively.
Analysts said that overall trading was on positive side. However, in the evening some buying by local investors was seen, which pushed the market in positive zone. They said that active trading took place in only a few scrips and all remaining shares were on low volume.