KSE jumps across 9000 level

KARACHI: Heavy buying pushed up prices of leading scrips at Karachi Stock Exchange (KSE) Friday as 100-Index surged by185.08 points or 2.10 percent to close at 9002.68, dealers said. The turnover volume was high at 194.855 million shares as prices of 227 scrips record gains and 129 sustained loss while 22 remained unchanged. The market capitalization was improved by Rs 50.2 billion to Rs 2.622 trillion. A dealer at a leading brokerage house said that market was opened on a positive note, but slipped on some selling pressure. However, bulls entered the market once again and chased out bears till the close. The bulls are in total control of the main bourse for the last one week, he added. D G Khan Cement was the volume leader with a turnover of 18.046 million shares followed by OGDC 15.205 million shares, NBP 12.899million shares, Azgard Nine 11.585 million shares and Bank Al-Falah10.417 million shares. NBP closed at 77.33, OGDC 115.01, POL 201.10, Engro Chemical 159,Bank Al-Falah 13, DG Khan Cement 34.89, Arif Habib 37.03 and Azgard Nine 28.35. Bata Pak recorded the highest increase of Rs 42.80 to 898.80followed by Unilever Food which moved up by 20 to 1380 while Treet Corp dipped by 8 to 400 and Sapphire Fiber went down by Rs 6 to 119. link...