KARACHI: Pakistan stocks climbed to yetanother high on Wednesday, led by energy and cement stocks,dealers said.
The...
KARACHI: Pakistan stocks climbed to yetanother high on Wednesday, led by energy and cement stocks,dealers said.
The benchmark 100-share index of the Pakistan Stock Exchangeended 0.09 percent higher at 37,426.39 points, afterhaving earlier touched a high of 37,614.45."The market witnessed a dull session today, but slowlyclimbed to yet another high while gaining 34 points," saidHammad Aman, Manager Equity Sales at Topline Securities (Pvt)Ltd.
Volume rose 38 percent to 140 million shares, while valuewas flat at 7.7 billion rupees.
K-Electric and Fauji Cement Company Ltd led the volume charts with a combined trade of about 37 millionshares.
Continued interest was seen in Fauji Cement, which closed up4.3 percent.
Engro Corporation Ltd said it had sold 295 millionshares of Engro Fertilizers Ltd through a privateplacement to local and foreign investors at a price of 65.47.Engro Corp gained 0.3 percent while Engro Fertilizers eased0.8 percent.