ISLAMABAD, June 4: Listed capital on Karachi Stock Exchange (KSE) increased from Rs438.49 billion to Rs486.49 billion during the first nine months of current fiscal showing an increase of 11 per cent.

The market capitalisation increased from Rs2,071.18 billion to Rs3,257.06 billion, showing over 57 per cent increase in the value of shares. Similarly, the average daily turnover of shares increased from 430 million to 462 million shares, says the Pakistan Economic Survey 2005-06, released here on Sunday.

The KSE 100-Index increased from 7,450.1 points in June last year to 11,485.9 by the end of March, reflecting an increase of about 54.2 per cent. The index touched all time high on April 17 and stood at 12277.8 points.

During the calendar year 2004, total profit before taxation of the 12 trading groups amounted to Rs229.5 billion, which increased to Rs326.3 billion in 2005, recording a growth of 42.2 per cent. All the trading groups and companies except cotton and textile showed unprecedented growth during the first nine months of the outgoing fiscal.

Cotton and Other Textiles: There were 213 companies listed with the KSE under this group in December last. The share index of cotton and other textiles slightly declined by 0.8 per cent during the first nine months of the current fiscal as compared to a growth of 19.3 per cent in the same period last year.

Pharmaceuticals and Chemicals: A total of 35 companies were listed with the KSE under this group at the end of December last. During the first nine months of the current fiscal, its share index has increased by 46.9 per cent as compared to a decline of 1.6 per cent in the comparable period of last year.

Auto and Allied: A total of 25 companies were listed with the KSE under this group at the end of December last. Its share index increased by 55.6 per cent, while its market capitalisation increased by 68.2 per cent.

Sugar and Allied: Under this group, a total of 37 companies were listed with the KSE with a market capitalisation of Rs18.7 billion.

Cement: At the end of December, there were 21 cement companies listed with the KSE. Its market capitalisation increased to Rs168 billion on March 31, from Rs68.4 billion in June last year, recording a growth of 145.6 per cent or an increase of almost Rs100 billion.

Fuel and energy: A total of 28 companies were listed with the KSE. Its share index grew by 19.2 per cent during the first nine months of the current fiscal year.

According to the survey companies like OGDC, PSO, SNGC, SSGC, Hub Power, and Pakistan Oilfields etc led the current year’s upsurge in the stock market.

Banks and financial institutions: A total of 164 companies were listed with the KSE by December. During the outgoing fiscal, the share index of this group has increased by 56.6 per cent as compared to a marginal growth of 0.5 per cent in the same period last year.