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KSE keeps floating on buoyant PSO, K-Electric scrips

KSE keeps floating on buoyant PSO, K-Electric scrips

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend for third consecutive day in a volatile trading and also maintained 30,000 psychological barrier by gaining 73.36 points to finish 30098.49 points with a volume of 113,364,510 shares on last day of trading, Friday.

KSE-30 index went up by 91.21 points as closed at 19,977.30 points as against 19,886.09 points previous day.

PSO, Attock Petroleum, K-Electric and Fauji Fertiliser kept the benchmark index buoyant.

According to analysts, the last trading session of the week remained broadly bullish with oil scrips holding-up the index.

Shares of 388 companies were traded on Friday. Of these, 198 companies declined, 168 closed higher while 22 remained unchanged. The value of shares traded during the day was Rs9.97 billion.

K-Electric Limited was the volume leader with 23.2 million shares, gaining Rs0.05 to close at Rs7.85. It was followed by the Fauji Cement with 10.6 million shares, gaining Rs0.50 to close at Rs22.10 and Lalpir Power with 7.5 million shares, gaining Rs0.29 to close at Rs21.59.