KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.18 percent, or 22.22 points, to 12,517.90 points. Turnover reached 232.85 million shares, not much different from the 233.2 million traded on Friday.
Stocks ended slightly higher on Monday, led by middle-tier shares such as financial group Jahangir Siddiqui (JSCO) and textile company Azgard Nine (AZNL), on hopes of strong corporate profits due to be announced soon, dealers said.
Volume leader JSCO ended 10.63 percent higher at 10.41 rupees and AZNL rose 14.88 percent to close at 7.72 rupees.
"Mid-cap stocks remained in the limelight," said a dealer at Topline Securities. "Almost half of the 233 million shares traded in the market were in only five stocks, which are JSCL, AZNL, FCCL (Fauji Cement), DGKC (D.G. Khan Cement) and BAFL (Bank Alfalah)." (Reuters)
Stocks ended slightly higher on Monday, led by middle-tier shares such as financial group Jahangir Siddiqui (JSCO) and textile company Azgard Nine (AZNL), on hopes of strong corporate profits due to be announced soon, dealers said.
Volume leader JSCO ended 10.63 percent higher at 10.41 rupees and AZNL rose 14.88 percent to close at 7.72 rupees.
"Mid-cap stocks remained in the limelight," said a dealer at Topline Securities. "Almost half of the 233 million shares traded in the market were in only five stocks, which are JSCL, AZNL, FCCL (Fauji Cement), DGKC (D.G. Khan Cement) and BAFL (Bank Alfalah)." (Reuters)