KSE-100 Index breaches 8,300 level

KARACHI: Fresh buying increased prices of leading scrips at Karachi Stock Exchange (KSE) Wednesday as 100-Index surged by 73.02 points to close at 8,319.74.

The turnover volume was low at 148.328 million shares as prices of 170 scrips recorded gains while 161 sustained losses and 28remained unchanged.

A dealer at a leading brokerage house said that the market was bullish since morning and despite profit taking, at times, the Index continued to rise on buying spree and 100-Index crossed 8300 level and remained in positive zone till the close.

The market capitalization was improved Rs 18.4 billion to Rs2.441 trillion.

PTCL was the volume leader on third consecutive day with a turnover of 21.905 million shares followed by Jahangir Siddiqui with13.545 million shares, Nishat Mill 10.486 million shares, DG Khan Cement 9.531 million shares and POL 7.433 million shares. PPL closed at 192.29, D G Khan Cement 35.23, Arif Habib Sec32.06, PTCL 21.91, MCB Bank 183.21, OGDC 98.73, Adamjee Insurance101.20 and Nishat Mill 46.96.

Unilever Pak recorded the highest gain of Rs 39.20 to close at2224 followed by Wyeth Pak which went up by Rs 34.99 to 1179.99 while Nestle Pak dipped by Rs 35.37 to 1009.63 and Fateh Textile slipped by Rs 27.59 to 600.