The benchmark despite restricted activity managed yet another historic session registering ever highest closing after attaining the highest level of 16,912 points during intraday trade, he added. Some improvement was also witnessed on trading side and overall 118.645 million shares were traded at ready counter as compared to 99.588 million a day earlier. Market capitalisation increased by Rs 12.55 billion to Rs 4.224 trillion from Rs 4.212 trillion. Trading was occurred in 362 companies scrips, out of which some 167 share price was increased, 175 declined and share value of 20 companies was remained stable.
Among top 10 active scrips, Hub Power Co was volume leader and its share price lost Re 0.52 to close at Rs 43.98 with 10.34 million turnover. Jah Sidd Co declined by Re 0.48 to Rs 16.22 and its some 9.5 million shares were traded. The share price of Byco Petroleum was up by Re 0.15 to Rs 11.16 with 8.3 million share trading.
With a gain of Re 0.57, the share price of D G Khan Cement closed at Rs 54.93 on 5.9 million turnover, while Maple Leaf Cement lost Re 0.1 to Rs 14.73 and its 5.6 million share were traded. The share price of KESC and Fauji Cement was declined by Re 0.28 and Re 0.1 to close at Rs 6.06 and Rs 6.5 with share trading of 4.4 million and 4.1 million share trading respectively.
With 3.43 million turnover, Fauji Fertiliser closed at Rs 38.30, up by Re 0.44, Engro Corporation also increased by Re 0.93 to Rs 94.07 on 3.41 million trading volume. PTCL lost Re 0.02 to close at Rs 17 and its 3.1 million shares were traded. Wyeth Pak Limited was the highest gainer and increased by Rs 44.76 to Rs 944.76, followed by Khyber Tobacco, which up by Rs 4.89 to close at Rs 102.71. Bata (Pak) was the worst loser and decreased by Rs 74.5 to Rs 1,415.5, followed by Colgate Palmolive, which lost Rs 27 to Rs 1,400.
Ahsan Mehanti, an analyst at Arif Habib, said that stock closed bullish with investor interest in banking, fertiliser and oil stocks after reports on release of 700 million dollars cost of troops reimbursement by US. He said that shrinkage in trade deficit, expected action of SBP against rupee fall against dollar, higher home remittances and rising global stocks played role as catalyst in bullish sentiments at KSE despite concerns for security situation in the country.
Hasnain Ashghar Ali said that value buying in the frontline, wherein fertilizer, banking and cement stocks led the gains, while OGDCL on relatively low volumes kept the benchmark in positive zone during the session. Chilly winds on political horizon however kept the turnover on lower side, while deteriorating law and order issues on increasing terrorist attacks kept the day traders cautious thus disallowing any major excitement during the trading day, he added.