Business

KSE 100-Index hits all time high

KARACHI: Karachi Stock Market on Monday hits all time high closing KSE 100-Index at 30413.23 points with a positive change of 188.34 points or 0.62 per cent, ARY News reported.

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High and Low were 30493.33 and 30224.89 respectively.

Total volume traded in the market was 235,734,452 and in terms of value it was 13,298,483,970.

Total traded companies were 334, among them 155 advanced, 151 declined while 28 went unchanged.

The three top traded companies were Lafarge Pak. with a volume of 31,226,500 and price per share of 16.96 (0.52), Fauji Cement with a volume 19,931,000 of price per share of 21.07 (0.03), Askari Bank with a volume 14,774,500 of price per share of 20.31 (1.00).

State Bank of Pakistan (SBP) decision of keeping interest rate unchanged at 10 per cent didn’t affect the progress of Karachi Stock Market as bullish progress of KSE 100-Index remained continue.

According to a market player, privatization commission’s approval to sale 10 per cent shares of Oil and Gas Development Company Limited (OGDCL) to foreign investors boosted OGDCL’s share by Rs.5 which became the reason of KSE’s progress.

 

 

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KSE 100-Index hits all time high

by Zohaib Kazmi