Bulls rule the bourse: KSE-100 index gains 1085 points

SANA MAHMOOD

KARACHI: Week’s first day’s session was bullish with KSE-100 index rising 2.18 percent, the bourse closed at 50,935.

Rs. 16.5 billion worth of 145 million shares were traded. Of 410 companies that traded, stocks of 20 remained unchanged, 135 declined and the remaining gained in value.

Volumes were led by commercial banking stocks with top leaders being: Engro Polymer, 35m shares (-0.74pc); Bank of Punjab, 18.3m shares (+3.20pc); Aisha Steel Mills, 17.4m shares (+4.98pc); Bank Al-Falah, 12.7m shares (+5.00pc); TRG Pak Ltd: 10.7m shares (+0.61pc).

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.