KSE 100 index crosses barrier of 11,600

Bulls ruled the Karachi stocks today, News Trends reported on Wednesday. KSE 100 index crossed the barrier of 11,600 points.

Positive trend was witnessed since the start of the market today. Due to increased international oil rates and decreased Pakistani share prices in the region buying jumped up. Local and international funds remained active in the market. At the end of trading 100 index closed at 10,629 after increasing by 198 points. Total trade volume remained 190 million shares. Share prices of Lotte Pakistan topped the list whose share price increased by 0.53 rupee to reach 13.16 rupees.

Local stocks react positively to Budget measures

KARACHI: The share prices at Karachi Stock Exchange (KSE) saw gains, as investors reacting positively to the measures announced in Budget 2010-11 took fresh positions, pushing the benchmark KSE-100 Index up by 155 points to close at 9,792.

Today’s trade began in the red zone but investment by government institutions and major mutual funds provided support, switching the Index into positive mode.

Trade volume was recorded at 160 million shares, higher by 64 points compared to Friday. Lotte Pakistan topped the list of volume leaders with a gain of Rs1at Rs10.07.

Market analysts are of the view that investors are accumulating stocks in view of the fact that capital gains tax is not applicable prior to June 30.

KSE-100 Index recovers 78 points

KARACHI: Stock prices gained at local equities market Tuesday as the benchmark KSE-100 Index recovered 78 points to finish the day at 10,467.

The share market opened positive and remained green throughout the session. At one stage the Index witnessed the intra-day high of 10,559 points, as investors actively invested in energy and banking sectors. However, some profit taking trimmed the gains and the Index closed at the current level.

The market turnover was recorded at 120 million shares.

Jehangir Siddiqui Company topped the list of actives at Rs17.74, up by Rs1.

Meanwhile, KSE-30 Index surged by 127 points to close at 10,587.

KSE sustains over 10,600 level this week

KARACHI: The benchmark KSE 100-share Index for the first time after August 2008 surged above 10,600 level and managed to sustain it this week with a gain of 72 points.

The share market began the week with positive numbers, as local and foreign investors took interest in buying stocks in energy sector and other shares available at dips.

The index closed this week with an increase of 72 points at 10,659, highest level since August 2008.

TRG Pakistan and WorldCall topped the list of front runners.

On the other hand KSE-30 Index closed 22 points up at 10,877.

KSE-100 Index Recovers 154 Points

KSE-100 Index Recovers 154 Points :The benchmark KSE-100 Index of Karachi Stock Exchange (KSE) recovered 154 points to close at 8,916. The stock market began its trade in the red mode which later turned into positive on the reports of positive economic outlook by Credit Swiss and Moody’s

KSE-100 Index Recovers 154 Points:The benchmark KSE-100 Index of Karachi Stock Exchange (KSE) recovered 154 points to close at 8,916.

The stock market began its trade in the red mode which later turned into positive on the reports of positive economic outlook by Credit Swiss and Moody’s.

The investors took particular interest energy and cement stocks.

The trade volume stood at 140 million shares.

Jehangir Siddiqui Company topped the list of volume leaders, gaining paisas 13 to close at Rs28.14.

KSE-30 Index surged by 204 points to finish the day at 9,397.