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  • News Desk
  • Jan 20th, 2010
  • Comments Off on Index exceeds 10,000-point in intra-day trade
The KSE-100 index on Tuesday, after 17 months, crossed the 10,000 points level, hitting 10,002.72 points intra-day high. However, the index could not sustain that level and closed at 9,954.41 points with a net gain of 58.95 points. Trading improved significantly and the volume at ready counter increased to 218.146 million shares as compared to 175.506 million shares traded on Monday.

Market capitalisation increased by Rs 24 billion to Rs 2.860 trillion. Of 406 active scrips, 214 closed in positive and 175 in negative, while the values of 17 scrips remained unchanged. Lotte Pakistan was the volume leader with 41.178 million shares and gained Re. 0.79 to close at Rs 10.34. Jahangir Siddiqui Co increased by Rs 1.05 to close at Rs 32.66 with 23.883 million shares.

TRG Pakistan inched up by Re. 0.31 to close at Rs 2.93 with 23.427 million shares. Nishat (Chunian) closed at Rs 25.37, up by Re. 0.78 to close at Rs 25.37 with 12.481 million shares. Fauji Fertiliser Bin Qasim lost Re. 0.47 to close at Rs 30.54 with 11.848 million shares. PTCL declined by Re. 0.29 to close at Rs 20.00 with 6.850 million shares. Bank Al Falah decreased by Re. 0.02 to close at Rs 13.98 with 6.556 million shares.

Arif Habib Sec gained Re. 0.49 to close at Rs 49.16 with 6.929 million shares. OGDC surged by Rs 1.29 to close at Rs 117.99 with 3.754 million shares. Pace (Pak) gained Re. 0.14 to close at Rs 7.37 with 3.754 million shares. Unilever Pakistan and Pak Services were the highest gainers and increased by Rs 9.84 and Rs 7.20 to close at Rs 2510.01 and Rs 151.33 respectively, while Siemens Pak and Wyeth Pak were the worst losers and declined by Rs 26.00 and Rs 8.67 to close at Rs 1264.00 and Rs 1253.33 respectively.

Muhammad Imran, Head of Research at Arif Habib, said that the improving law and order situation in the country encouraged the market participants to take fresh positions and the index crossed 10,000 points psychological level during intra-day trading after 17 months. Investors'' interest was seen mainly in banking sector stocks on expectations of healthy financial results. He said that foreign investors'' interest also seemed to be reviving due to improving law and order situation in the country. Foreign funds allocations for new year also brought fresh inflows at the local equity market, he added.

Copyright Business Recorder, 2010


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