KSE 100-Index gains 556.26pts
KARACHI: Karachi Stock Exchange on Thursday witnessed drastic progress with a positive change of 556.26 points as the KSE-100 Index closed at 29543.58, ARY News reported.
High and Low were 29602.61 and 28987.32 respectively.
Total volume traded in the market was 397,126,364 and in terms of value it was 20,273,459,182.
Total traded companies were 384, among them 252 advanced, 110 declined while 22 went unchanged.
The three top traded companies were TRG Pakistan Ltd. with a volume of 19,326,000 and price per share of 14.79 (0.37), B.O.Punjab with a volume 15,114,500 of price per share of 9.73 (0.34), Dewan Motors with a volume 15,108,000 of price per share of 8.03 (0.79).
Rafhan Maize XD, Nestle Pak. and Pak Tobacco were top three advancers while Philip Morris Pak, MithchellsFruit and Sapphire Textile were top three decliners.
According to analysts, the main reasons behind the market progress are Prime Minister’s successful visit to India and governments decision to increase capital gain tax on buying selling.