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Index stays above 7800 level on buying.

KARACHI, July 22, 2009 (Balochistan Times) -- Fresh buying improved value of leading scrips at Karachi Stock Exchange (KSE) Wednesday as 100-Index gained 20.58 points to close at 7802.81, dealers said. The turnover volume was high at 213.918 million shares as prices of 200 scrips recorded gains while 203 sustained losses and 18 remained unchanged. dealer at a leading brokerage house said that the market was bullish in the morning and continued to climb on buying spree. At this point, the market nose dived on selling pressure, but recovered buying spree in the last minutes, he added. The market capitalization was improved by about Rs 5.71 billion to Rs 2.297 trillion. DG Khan Cement was the volume leader with a turnover of 19.714 million shares followed by Jahangir Siddiqui Co with 17.851 million shares, OGDC 15.827 million shares, Lucky Cement 12.191 million shares and United Bank Ltd 11.450 million shares. Arif Habib Sec closed at 29.83, D G Khan Cement 37.73, UBL 45.78, WorldCall Telecom 3.75, Lucky Cement 71.64, OGDC 89.53. Jahangir Siddiqui 26.71 and Adamjee Insurance 95.94. Siemens Pak recorded the highest gain of Rs 21 to close at 988 followed by Nestle Pak which moved up by Rs 19.07 to 1000 while Unilever Foods dipped by Rs 54 to 1301 and Unilever Pak went down by Rs 42 to 2010.

(THROUGH ASIA PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Jul 22, 2009
Words:243
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