The Karachi Stock Exchange (KSE) 100-share index gained 17:31 or 0:17 points to close at 10,073.77 points percent as compared to the previous session's 10,056.46 points. The KSE 30-share index closed at 10,306.65 points with a loss of 26.80 points. The KMI 30 closed at 15,326.23 points with a gain 33.72 points.
Analysts said the market opened in the green zone and this trend remained prevale
nt throughout the trading session well supported by anticipation of expectations of early resolution of circular debt issue and the positive expectations for release of International Monetary Fund's 5th tranche next month.The market turnover went down by 1:00 percent and traded 147.09 million shares as compared with the previous session's 148.58 million shares. The overall market capitalization was up by 0:10 percent and traded Rs 2861 trillion trillion as against Rs 2858. Out of total 412 companies, 154 closed in the positive zone, 235 in negative and 23 remained unchanged.
"The market opened on positive note a led by improved sentiments," said Farhan TopLine Sec analyst Seth. "But investors preferred to book profits later in the session amid news regarding the Supreme Courts' strong stance over the implementation of the National Reconciliation Ordinance verdict and other political issues."
However, continued interest in the OGDC supported broader index to close in the green. "Other major factors that supported the rise in international oil market included prices and increase in DAP sales data released by NDFC," said Shahzad Chamdia Sec senior analyst Ahsan Mehanti. The KSE 100-share index opened in the green zone with a gain of 2.60 points and at the End of the day closed at 10,073.76 points with a rise of 17:30 points.
"While the efforts were on for sustainability, absence of local triggers forced the bourse to erode values," said Aziz Fida Husein and Co analyst Husnein Asghar Ali. "Positive trend was witnessed early due to low volume price jack-up in blue chips, while second-tier stocks continued to face off-loading."
Maple Leaf Cement was the volume leader with 13.70 million shares as it closed at Rs 5:02 after opening at Rs 4.74, gaining 28 paisas. staff report
