Karachi stock exchange closes at four-year high today
Karachi: (Wednesday, March 28, 2012) Karachi Stock Exchange today exhibited an encouraging trend today as after witnessing an improvement of 0.9 per cent the 100-index closed at 125.68 points higher.
Business activity at KSE was mainly led by banking and cement sector amid the two sectors’ enormous growth and investors expectations of getting high earnings from them.
The 100-index, climbing up over 125 points, closed at 13,575.41 points – the highest in last four years. The trade volume also observed a positive trend as over 450 million shares were traded in the market. Yesterday, shares’ trade
volume remained confined to mere 166 million.
Commenting on today’s development, a dealer at KSE said, “National Bank of Pakistan once again closed at its upper limit as investors hoped that 2012’s earnings will be better than last year. Cement stocks continued to remain in
National Bank of Pakistan ended up 5 per cent higher with share price climbing up to 43.06 rupees followed by D.G Khan Cement up by 2.3 per cent closing at 34.45 rupees.