KARACHI: The Karachi Stock Exchange Monday remained in bullish note and added another 202 points to reach 37425 points level till midday.
Last week, the 100-index grew by 1.4 percent to end at new closing peak of 37,223. Average volumes clocked-in at 239mn shares, down by 4 percent during the week. However, average traded value increased by 10 percent to Rs11 billion. Fauji Cement (FCCL) has witnessed significant increase of volume during the last two days, clocking-in at an average 35.6mn shares vs 1.5m shares during last week. During the week, Textile Weaving sector was among the major gainer as it grew by 25 percent, whereas Tobacco was down 3 percent. Foreigners were net buyers of $14.5mn in the outgoing week. Net buying of $12.0mn and $10.2mn was seen in Cement and Oil & Gas marketing sectors. On the other hand, major selling was seen in banking sector to the tune of $8.9m.
