FP Staff Report

KARACHI: The Karachi Stock Exchange (KSE) Thursday recorded bullish sentiment as KSE 100 Index recorded an upsurge of 94.72 points to close at 9879.70 points in improved share turnover of 204.489 million.
Dealers said that buying continued at the Exchange pushing the benchmark KSE-100 Index further up by 0.97 per cent to 9879.70 points.
The share market began upbeat and remained solid throughout the session, as local and foreign investors took positions in banking and energy sectors.
The market analysts are of the view that the major Index may surge beyond the psychological barrier of 10,000 this week.
Out of a total of 410 companies traded on Thursday, 215 companies advanced and 173 companies declined while the rest of 22 companies remained unchanged.
The benchmark KSE 100 Index commenced from its previous level of 9784.98 points and closed with net positive change of 94.72 points or 0.97 per cent at 9879.70 points. During midday, the index went up to 9909.70 points and down to 9784.98 points.
KSE 30 Index appreciated by 100.11 or 0.98 per cent to close at10361.72 points; KSE All Shares Index improved by 60.07 points or 0.87 percent to close at 6973.09 points; and KMI 30 Index witnessed an upsurge of 165.09 points or 1.12 per cent to close at 14897.13 points.
Improved share of 204.489 million was recorded on Thursday against 127.835 million of the previous session while reduced market capital of Rs2842.110 billion was also seen as compared to Rs2817.687 billion.
Unilever Pakistan and Fazal Textile were top price advancers of the session as Unilever Pakistan appreciated by Rs148.90 to close at Rs3127.07 while Fazal Textile improved by Rs11.88 to close at Rs423.82.
Wyeth Pakistan and Bata were top price losers of the session as Wyeth Pakistan declined by Rs15.78 to close at Rs935.22 while Bata depreciated by Rs12.82 to close at Rs727.18.
The list of five most active companies reflecting significant turnover displayed PTCLA, Lotte Pakistan, D. G. Khan Cement, Fauji Fertilizer Bin Qasim and National Bank of Pakistan with share turnover of 30.826 million, 30.005 million, 18.504 million, 14.169 million and 7.270 million respectively.
PTCLA improved by Rs0.80 to close at Rs20.80; Lotte Pakistan appreciated by Rs0.55 to close at Rs11.48; D G Khan Cement suspended its activities after recording a fall of Rs1.48 at Rs31.07; Fauji Fertilizer Bin Qasim closed with net positive change of Rs1.07 at Rs33.64; and National Bank of Pakistan ascended by Rs1.74 to close at Rs97.05.