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Buying continues at KSE.

KARACHI, July 23, 2009 (Balochistan Times) -- Continued buying has improved value of leading scraps at Karachi Stock Exchange (KSE) Thursday as 100-Index gained 61.05 points to close at 7863.86, dealers said. The turnover volume was high at 213.669 million shares as prices of 232 scraps recorded gains while 182 sustained losses and 22 remained unchanged. A dealer at a leading brokerage house said that the market was bullish since morning and jumped up by at least 100 points on hectic buying and Index crosses 7900 level. However, some profit taking eroded gains, trimming values and bringing back Index to 7800 level at the close. The market capitalization was improved by about Rs 18.234 billion to Rs 2.315 trillion. Fauji Cement was the volume leader with a turnover of 16.322 million shares followed by Jahangir Siddiqui Co with 14.279 million shares, Maple Leaf Cement 13.849 million shares, DG Khan Cement 11.153 million shares and Azgard Nine 9.119 million shares. PTCL closed at 17.82, D G Khan Cement 38.62,, Bank Al-Falah 11.93, Fauji Cement 8.19, OGDC 90.46, Jahangir Siddiqui 26.50, Maple Leaf Cement 5.82 and Adamjee Insurance 100.73. Rafhan Maize recorded the highest gain of Rs 51.25 to close at 1501.25 followed by Fateh Textile which moved up by Rs 24.58 to 516.34 while Wyeth Pak dipped by Rs 13.60 to 1236.90 and Allawasaya went down by Rs 4.60 to 87.40.

(THROUGH ASIA PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Jul 23, 2009
Words:258
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