KSE-100 index crosses 14,000-point limit after 4 years

By Fahim Patel Apr 23rd, 2012 ( 2 Comments )

Karachi: The benchmark KSE-100 increased by 146.96 points to close above 14,000 psychological level after four years at 14,083.44 points.

Karachi Stock Market (KSE) witnessed a bullish activity on Monday on expectation of early implementation of revised Capital Gain Tax regime.

Trading activities however remained low as the volumes at ready counter declined to 213.340 million shares as compared to 244.205 million shares traded on last trading session. Total market capitalization increased by Rs 37 billion to Rs 3.605 trillion.

The volume leader was Fauji Cement with 23.436 million shares and gained Re 0.27 to close at Rs 7.04.

Unilever Pak and Unilever Food were the top gainers increasing by Rs 139.99 and Rs 95.91 to close at Rs 6111.82 and Rs 2025.00 respectively while Rafhan Maize and Fazal Textile were the top losers declining by Rs 88.87 and Rs 11.04 to close at Rs 2501.44 and Rs 215.46 respectively.