KSE witnesses high trading volume


With DAPs price rising to Rs150 per bag Fauji Fertilizer Bin Qasim Limited propelled itself on top of the KSE-100 volume leader board with 6.4 million shares. While the market point gain was negligible the real story was the trading volume of 126 million shares, as activity was witnessed over a broad spectrum of sectors as evident by the fact that top ten volume leaders only accounted for 40 million shares.
The KSE 100 index closed at 12,476.77 levels with the gain of 2 points and total volume stood at 57,824,889 along with the total value of 3,527,850,763. KSE 30 index gained 33.31 points to close at 11,917.40 levels, and All Share index closed at 8,644.60 levels after gaining 1.68 points. Total 117 scrips advanced 109 declined and 117 remained unchanged out of total 343 scrips traded.
Cement sector scrips Luck and DeraGhazi Khan Cement continued to enjoy their stay in positive territory as optimism regarding improvement in cement dispatches in FY12 prevailed. Result season is on its way as local investors’ optimism continues to grow even though their foreign comrades seem to think otherwise.
Total market capitalization stood at Rs3,289.27 billion and the volume leaders for the day were FFBL, AHCL, ANL, FATIMA, and NBP.