Index jumps to levels not seen since July 2010
KARACHI: The stock market’s upward rally continued on the last trading session of the week with the benchmark 100-share index closing at a seven-and-a-half-month high.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.74 per cent or 91.44 points to end at the 12,495.68 point level.
Investor participation also remained strong with 233 million shares being traded against the preceding day’s 206 million shares. Although activity in second tier stocks remained strong, active participation was also witnessed in main board including stocks in oil, banks and fertilisers, said JS Global Capital analyst Umer Ayaz.
Engro ended for the second day in a row ended on its upper limit of 5% after investor cherished its result announcement as the company managed to show decent growth in earnings despite a trouble year of gas availability.
Oil and Gas Development Company also added decent gains by firming 1.4%.
DG Khan Cement announced higher than expected half-yearly result on Friday. Despite better results and remaining strong throughout the day, the stock lost 2% to close at Rs25.16.
Jahangir Siddiqui and Company was the volume leader with 30.6 million shares gaining Rs0.24 to finish at Rs9.41. It was followed by DG Khan Cement with 27.2 million shares declining Rs0.52 to close at Rs25.16 and Azgard Nine with 23.7 million shares increasing Rs0.59 to close at Rs6.72.
Shares of 335 companies were traded on Thursday. At the end of the day 149 stocks closed higher, 115 declined while 71 remained unchanged. The value of shares traded during the day was Rs4.72 billion
(Tribune)
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Posted 21 February 2012 - 03:06 PM
Iran war : China warns of severe results for Middle East
By: Agencies | February 21, 2012, 12:45 pm |
China has warned of severe results for the middle east if US and Israel would start military strike against Iran. Chinese Foreign Ministry spokeman Hong Lei said on Monday that Beijing was against any aggressive action and it would create many problems for region. “We always oppose the use or the threat of use of force in handling state-to-state relations,” he added. The Chinese official said a strike against Iran would only intensify the confrontation and push the region into greater turmoil.
By: Agencies | February 21, 2012, 12:45 pm |
China has warned of severe results for the middle east if US and Israel would start military strike against Iran. Chinese Foreign Ministry spokeman Hong Lei said on Monday that Beijing was against any aggressive action and it would create many problems for region. “We always oppose the use or the threat of use of force in handling state-to-state relations,” he added. The Chinese official said a strike against Iran would only intensify the confrontation and push the region into greater turmoil.
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Posted 21 February 2012 - 11:18 PM
Banks lead KSE to 22-mth high
KARACHI: Share prices at Karachi Stock Exchange (KSE) ended higher on Tuesday, led by banking shares including the Bank of Punjab and the National Bank of Pakistan onhopes of healthy corporate earnings which are due in the coming days.
The Karachi Stock Exchange (KSE) benchmark 100-share indexrose 0.21 percent, or 26.55 points, to 12,544 points.
Turnover reached 322.47 million shares, compared with 232.85million shares traded on Monday.
"The volume at KSE today reached a 22-month high," said a stock dealer.
BOP closed 12.35 percent higher at 9.10 rupees, and NBP rose1.17 percent to end at 49.43 rupees. (Reuters)
KARACHI: Share prices at Karachi Stock Exchange (KSE) ended higher on Tuesday, led by banking shares including the Bank of Punjab and the National Bank of Pakistan onhopes of healthy corporate earnings which are due in the coming days.
The Karachi Stock Exchange (KSE) benchmark 100-share indexrose 0.21 percent, or 26.55 points, to 12,544 points.
Turnover reached 322.47 million shares, compared with 232.85million shares traded on Monday.
"The volume at KSE today reached a 22-month high," said a stock dealer.
BOP closed 12.35 percent higher at 9.10 rupees, and NBP rose1.17 percent to end at 49.43 rupees. (Reuters)
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Posted 22 February 2012 - 05:46 PM
CIA Plot To Invade Pakistan
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