Karachi: The Karachi Stock Exchange’s 100 index increased by 55.66 points on Wednesday mainly due to local investors’ interest in selective stocks. The index closed at 11,930.55 level.
The market opened on a positive note and the index hit 11,988.12 points, the intra-day high. The index remained in green throughout the session.
Trading activities also improved as the volume at ready counter increased to 93.437 million shares as compared to 60.176 million shares traded on Tuesday. Total market capitalization increased by Rs 14 billion to Rs 3.097 trillion. Of the total 311 active stocks, 131 closed in positive and 100 in negative while the value of 80 stocks remained unchanged.
Jahangir Siddiqui Co was the volume leader with 19.200 million shares and gained Re 0.91 to close at Rs 6.48. Meezan Balanced inched up by Re 0.13 to close at Rs 9.13 with 7.411 million shares. DG Khan Cement increased by Re 0.16 to close at Rs 23.35 with 7.335 million shares. Azgard Nine closed at Rs 3.80, up Re 0.40 with 4.802 million shares.
The foreign investors remained on the selling side and withdrew $0.34 million from the local equity market.
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