KSE 100-Index remains almost unchanged
KARACHI: Karachi Stock Exchange (KSE) closed almost unchanged on Tuesday with the addition of 1.64 points and with the healthy turnover of Rs.15.8 billion, ARY News reported.
The benchmark KSE 100-Index inched up 0.01 percent to 29,095.77 points, as against 29,094.13 points recorded on Monday.
High and Low were 29,276.24 and 28,941.01 respectively.
Total volume traded in the market was 415,424,949 and in terms of value it was 19,072,262,368.
Total traded companies were 361, among them 151 advanced, 184 declined while 26 went unchanged.
Oil stocks witnessed profit-taking as OGDC declined by 1.6 percent, Pakistan Oilfields Limited (POL) fell by 2 percent and Pakistan Petroleum Limited (PPL) lost 0.5 percent at close.
Banking sector gained momentum as investors continued to believe that due to economic recovery banks will be the major beneficiary.
United Bank Limited (UBL), Habib Bank Limited (HBL) and Allied Bank Limited (ABL) all closed at the 5 percent upper limit.
After the government's commitment of uninterrupted gas supply to Engro Fertilizer, it continued rallying to gain another 5 per cent.
The three top traded companies were Lafarge Pak. with a volume of 31,073,500 and price per share of 13.95 (0.27), Pace Pakistan Limited with a volume 30,572,000 of price per share of 5.19 (0.11), Jahangir Siddiqui Bank Limited with a volume 25,463,000 of price per share of 6.10 (0.27).