The Karachi Stock Exchange (KSE) regained the psychological mark of 30,000 points on Thursday as investors continued buying shares in banking and cement sectors after decline in political temperature as Pakistan Awami Tehreek (PAT) Chairman Dr Tahirul Qadri decided to end the sit-in in Islamabad.
The benchmark KSE 100-Index swelled by 0.28 per cent or 84.74 points to 30,025.13 points on Thursday when compared with 29,940. 39 points recorded on Wednesday.
The KSE All Share Index gained 0.33 per cent or 74.01 points to 22,176.64 points, the KSE 30-Index increased by 0.12 per cent or 23. 84 points to 19,886.09 points, whereas the KMI 30-Index inched up by 0.16 per cent or 75.39 points to 47,834.13 points.
During Thursday’s trading session, the key index touched an intraday high of 30,049.22 points as against an intraday low of 29, 938.26 points.
Investors kept on buying equities at lower levels especially in cement and banking companies which also turned the market sentiments positive and helped other medium-priced stocks.
Market volumes augmented by 18.709 million shares to 191.242 million shares on Thursday as against 172.533 million shares posted on Wednesday, the capitalization improved by Rs 23.844 billion to Rs 7.003 trillion, whereas the trading value jacked up by Rs 445.304 million to Rs 8.615 billion.
Among 410 active scrips on Thursday, prices of 212 issues advanced, 176 declined, whereas values of 22 other companies stayed unchanged.
Pak Elektron (R), Pak Elektron, and Engro Fertilizer Limited were the top traded companies with turnovers of 18.749 million shares, 12.045 million shares and 6.644 million shares, respectively.
Nestle Pakistan was the top price gainer of the day with increment of Rs 275 to Rs 8,990 whereas Rafhan Maize led the major price shedders with decrement of Rs 304.99 to Rs 11,395.
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