KARACHI: Though the Karachi Stock Exchange shed some early gains till midday on Monday, but it remained in green zone as benchmark KSE-100 index added 116.91 points to take the tally to 33892.03 level.
The country’s biggest stock witnessed the highest level of trading at 33970.73 points and lowest level of 33775.12 points, while the total market volume of remained 91,675,630 shares, having Rs7,570,218,598 value.
The top three traded companies were Fauji Cement XD, KASB Bank Ltd and DGK Cement. Fauji Cement XD topped the trading companies with a volume of 20,128,000 and price per share of 34.50 (0.10) The KASB Bank Ltd, despite reducing share price, remained second top trading company with a volume of 16,851,500 and price per share of 3.44 (-0.01) and D.G.K.Cement with a volume 11,881,000 of price per share of 138.85 (4.46).
Earlier, the last week’s bullish trend continued at the Karachi Stock Exchange (KSE) as 100-index gained 163.46 points and reached 33938.58 level with total volume of 22,555,150 shares.
On Friday, the benchmark KSE 100-index added further 318.38points to close at 33775.12 points and volume of 165,276,660 shares.
The Karachi Stock Exchange (KSE) sustained its positive momentum from last week as the visit of the Chinese President led to increasing optimism over Pakistan macros. As a result, the benchmark KSE 100-index closed the week 1.6% WoW up at 33,775 with average trading volumes clocking in 11% WoW higher at 329m shares/day. Foreigners too were net buyers of US$7.6mn during the outgoing week vis-a-vis net buying of US$7.4mn in the preceding week.
