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Karachi’s bourse higher by 50 points in first session

Dawn.com Published May 25, 2012
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KARACHI: The KSE-100 index was higher by 50.76 points in the pre-namaz trading session on Friday. The All-share, KSE-30, and KMI-30 indices were higher by 37.67, 53.95, and 92.82 points respectively.

Lower volumes still persisted in the market, with slightly over 70.7 million shares traded, with a value of Rs2.7 billion.

The Hub Power Company Limited was the clear volume leader, with over 13.3 million shares traded with a Rs0.99 price gain per share. Fauji Cement stood at 7 million shares, for a price gain of Rs0.25.

Fauji Fertilizer, Lafarge Pakistan, and Engro Corp rose Rs0.27, Rs0.18, and Rs4.01 with volumes of 5.11 million, 4.73 million, and 4.61 million shares traded respectively.

While sectors were largely mixed, the cement and auto sectors had been largely in the green, although auto industry stalwart Indus Motor Company lost Rs5 per share on volumes of just 2,336 shares.

While the oil and gas sector was mixed at best, index heavyweight OGDCL gained Rs0.17 on volumes of 52,976 shares.

Overall, 184 symbols advanced, 100 declined, and 13 remained unchanged.

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