KSE-100 Index up 40 points

KARACHI: Buying continued at Karachi Stock Exchange (KSE), pushing the benchmark KSE-100 Index by 40.51 points to close at 5,880.14.The turnover was higher at 191.596 million shares as price of 132 scrips recorded gains and 124 sustained losses while 13remained unchanged.A dealer said that the market was bullish in the morning and Index crossed 5900 level, but came down later when some profit taking was witnessed in leading scrips.The market capitalization was improved by about Rs 110 billion to Rs 1.835 trillion.Pak PTA was the volume leader with a turnover of 27.993 million shares followed by NBP with 13.441 million shares, OGDC 9.875 million shares, Jahangir Siddiqui Co 8.749 million shares and PTCL 8.155million shares.PTCL closed at 14.86, NBP 67.24, OGDC 53.56, NIB Bank 4.99,Jahangir Siddiqui 32.41, Pak PTA 2.70, UBL 43.13, Arif Habib Security25.64 and Bank Al-Falah 13.15.Rafhan Maize recorded the highest gain of Rs 65 to close at 1395followed by Ferozsons Lab which went up by Rs 5.68 to 119.47 while Shezan International dipped by Rs 14.53 to 276.08 and Tri-Pack went down by Rs 5.68 to 108.35.