KARACHI: Karachi Stock Exchange remained flat on Thursday as KSE-100 Index gained just 9.32 points to close at 30,474.75 as compared to 30,465.43 of previous session.
KSE-Allshare index grew by 50.30 points or 0.23 percent to stop the session at 22365.87 points, KSE-30 index shed by 6.53 points or 0.03 percent to close the day at 21193.80 points while KMI-30 index misplaced 73.36 points or 0.15 percent to conclude the session at 49487.24 points.
Market traded 218.186 million shares after opening at 131.080 million shares and the value of traded shares climbed to Rs 11.262 billion from Rs 7.451 billion.
Trading took place in 326 companies where 116 closed higher while 188 lower. The value of 22 stocks remained intact. Pak tobacco remained the volume leader of the day by gaining Rs 54.98 to Rs 1154.99 followed by Exide (PAK) XD up by Rs 24.87 to Rs 522.32. Rafahan Maize and Bata (Pak) were the top price losers of the day decreased by Rs 50 to Rs 11250 and Rs 43.40 to Rs 3472.
Analysis said that Bestway Cement’s 76pc acquisition of Lafarge Cement, rising textile sector exports data following EU grant on GSP plus status and speculations in oil sector in corporate earnings season played a catalyst role in bullish sentiments at KSE despite below expected earnings of Fauji Fertilizer on low urea sales.
