KSE tops 11,200 level after 28 months

KARACHI: Hectic buying pushed up price of leading scrips at Karachi Stock Exchange (KSE) on Monday as 100 Index jumped by239.84 points to close at 11,205.84, dealers said.

A dealer at a leading brokerage house said that the market was bullish since morning and went up more than 100 point since the start of trading.

Foreign buyers, encouraged by the inflow of foreign aid, were busy in the market and buying leading scrips. The Index crossed 11,200barriers after 28 months of ups and downs, they added.

The turnover volume was low at 113.317 million shares as 249scrips advanced while 104 sustained losses and 25 remained unchanged.

The market capitalization was improved by about Rs 63 billion to Rs 3,058 trillion.

Jahangir Siddiqui remained the volume leader with a turnover of10.076 million shares followed by Lotte Pak 9.330 million shares, POL5.614 million shares, Nishat Mills 5.288 million shares and NBP 4.794million shares.

D G Khan Cement closed at 29.10, Lotte Pak 11.88, Nishat Mills55.58, Jahangir Siddiqui Co 12.95, NBP 67.40, POL 268.36 and Lucky Cement 75.99.

Rafhan Maize recorded the highest increase of Rs 80.73 to 1997.95followed by Siemens Pak which moved up by 38.33 to 1349.01 while Dreamworld dipped by 32.40 to 615.60 and Unilever Pak went down by Rs26.32 to 4050.01.