KARACHI: The Karachi Stock Exchange (KSE) 100-index registered all time high of 30593.31 points taking a huge jump of 216.78 points or 0.71 percent after Ashura holidays. POL price cut and subsequent decline in inflation boosted confidence in shareholders. Feoreign buying also played its role to lead the KSE on upward rally.
The benchmark index began the week on a positive note and the market kept on upward march, setting the trend for the day. The Karachi Stock Exchange went up 107 points or 0.35 percent to 30484 points in early trading on Wednesday.
Buoyancy helped the Karachi Stock Exchange shored up gains to take the tally to 168 points or 0.55 percent to reach 30544 points in the midday trading.
The KSE All Share Index surged by 0.86 percent or 192.52 points to 22,461.92 points, the KSE 30-Index swelled by 0.4 percent or 79. 43 points to 20,184.25 points, whereas the KMI 30-Index augmented by 0.79 percent or 384.91 points to 49,084.06 points.
As a whole 41.94 per cent of companies witnessed increase in their shares while 17.76 per cent lost their share value and 2.96 per cent companies remained stable.
High and Low were 30704.95 and 30376.53 respectively. Total volume traded in the market was 133,854,400 shares.
Market volumes improved by 91.968 million shares to 232.825 million shares on Wednesday as against 140.856 million shares posted on Friday, the capitalization jacked up by 60.589 billion rupees (605.893 million U.S. dollars) to 7.094 trillion rupees (70. 942 billion U.S. dollars), whereas the trading value gained 2.149 billion rupees (21.495 million U.S. dollars) to 11.763 billion rupees (117.635 million U.S. dollars).
Maple Leaf Cement, Pak Elektron, and Ghani Automobile were the top traded companies with turnovers of 19.112 million shares, 17.013 million shares and 11.462 million shares respectively.
Unilever Foods was the top price gainer with increment of 350 rupees (3.5 U.S. dollars) to 9,050 rupees whereas Rafhan Maize led the major price shedders with 385 rupees (3.85 U.S. dollars) to 10,850 rupees.
