KARACHI - Benchmark index closed to another all-time high at 27,229.10 points compared to 271244.47 points of the last working day on Friday. KSE-Allshare index added 92.06 points or 0.46 percent to end the day at 20287.34 points, KSE-30 index grew by 29.05 points or 0.15 percent to close the day at 19608.48 points while KMI-30 index off by 1.04 points to end the day at 45587.15 points.
Dealers said investors’ interest remained towards banking stocks after latest MPS announcement. MCB gained 3.3pc while UBL closed 1.8pc high. Cement stocks witnessed some profit taking as Lucky Cement closed Rs1.3 down, DGKC declined by 5 paisa and MLCF closed down by Rs0.44. SSGC and SNGPL both witnessed healthy volumes and closed at their upper limits after the proposal of increase in UfG losses.
Market traded 209.743 million shares compared to 267.147 million shares of the previous session and the value of traded shares reduced to Rs 7.577 billion from Rs 8.945 billion. Capitalisation f the market settled at Rs 6.570 trillion after opening at Rs 6.551 trillion of the last session. The trading took place in 376 companies where end result of the bourse in term of gainers and losers was tied with the same number of 178 stocks while the value of 20 companies remained intact.
Top price gainer of the day was Wyeth Pak Limited up by Rs 199 to Rs 4699 while the highest loser was Island Textile off by Rs 53.80 to Rs 1022.20. Analyst said favourable trade deficit data and strong rupee-dollar parity impacted the sentiments despite uncertainty in global stocks and commodities following Ukraine vote favouring Russia.
Expectations for positive outcome of government peace dialogue with TTP played a catalyst role in bullish sentiments at KSE, he added. TRG remained the volume leader of the market with 26.808 million shares as it closed at Rs 14.10 after opening at Rs 15.23. SSGC was on the second position with 16.875 million shares up by Re 0.06 to Rs 27.07.
It was followed by Lafarge Pakistan with 14.694 million shares shed Re 0.05 to Rs 11.30, Maple Leaf Cement with 8.647 million shares down by Re 0.71 to Rs 29.94 and Bank of Punjab with 6.854 million shares shed by Re 0.07 to Rs 10.68.