KSE higher but bearish

Published Jul 19, 2012 08:48am

Overall, 205 shares advanced, 120 declined, and 15 remained unchanged. - File photo

KARACHI: The Karachi Stock Exchange indices rose in mid-day trade on Tuesday, but market sentiments were bearish overall.

The KSE-100 index rose by 2.38 points at the time of publishing, whereas the All-share and KMI-30 indices rose by 4.23 and 5.68 respectively. The KSE-30 index declined by 14.14 points.

Market volumes stood at 109 million shares traded with a volume of Rs3.18 billion in mid-day trade.

Volume leader for the day so far is Jahangir Siddiqui Co., with a traded volume of 17.73 million shares and a price gain of Rs0.71. Azgard Nine followed up with 8.68 million shares, but negligible price movements.

JS investments and Pak Reinsurance had 6.12 million and 5.337 million shares respectively, with gains of Rs0.51 and Re1 per share respectively. DG Khan Cement lost Rs0.28 per share with 6.07 million shares traded.

Abbot and ICI were notable gainers for the day, with their share prices higher by Rs6.90 and Rs6.48 on the back of 697,000 and 280,000 shares traded respectively.

Sector-wise movements were largely mixed, although foods, engineering, and automobiles and parts were overall in the green. However, the oil and gas and telecom sectors were lower.

Overall, 205 shares advanced, 120 declined, and 15 remained unchanged.


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