KARACHI - Led by index heavy weight OGDC and MCB benchmark index closed in positive territory.
At local equity market KSE-100 share index gained 74.69 points or 0.32 percent or 0.32 percent to stop the day at 23687.89 points compared to 23613.20 points of the previous day. A dealer said lower than expected earnings and payout by POL and ATRL resulted in profit-taking in most of the other active stocks. Engro Corporation, Engro foods, PSO and ATRL share prices decline. Most of the cements stocks also fell as investors believed that sales will fall due to ongoing flood in the country.
KSE-Allshare index increase by 70.25 points or 0.42 percent to end the session at 16968.22 points, KSE-30 share index higher by 74.65 points or 0.41 percent to close the day at 18421.28 points while KMI-30 share index shed by 77.38 points or 0.19 percent to finish the day at 40786.94 points.
Bourse traded 180.931 million shares after opening at Rs 299.059 million shares and the value of traded shares was reduced to Rs 9.231 billion from Rs 11.296 billion. The capitalisation of the equity market maintained at Rs 5.834 trillion from Rs 5.810 trillion.
Shares of 367 companies were traded on Thursday where 208 closed in negative and 140 in positive while the value of 19 stocks not changed. Unilever Food was the biggest loser of the day decreased by Rs 190 to Rs 5100 followed by Bata (Pak) down by Rs 69.80 to Rs 1680.20. Siemens Pakistan and Island Textile were the biggest price gainers of the day up by Rs 56.02 to Rs 1176.60 and Rs 34 to Rs 714.
Bank of Punjab was the top traded company of third consecutive working day with 18.225 million shares as it closed at Rs 14 after opening at Rs 14.49. Fauji Cement was on the second position with 11.247 million shares shed by Re 0.37 to Rs 15.37.
It was followed by National Bank Limited with 9.115 million shares up by Re 0.70 to Rs 57.49, Engro Corporation with 8.638 million shares off by Rs 4.70 to Rs 150.02 and Maple Leaf Cement with 7.963 million shares down by Rs 1.32 to Rs 28.40.