KARACHI: Stock prices at Karachi Stock Exchange rose to a more than two-month high on Monday, led by the banking sector, as institutions bought shares amid hopes of healthy corporate results in coming weeks, dealers said.
The Karachi Stock Exchange's benchmark 100-share index ended 0.60 percent, or 62.07 points, higher at10,322.55. The KSE-index ended at 10,351.72 points on Aug. 5.
Turnover was 88.84 million shares, compared with 134.7million shares on Friday.
Positive activity continued ahead of the corporate result announcement session on strong support from institutions.
The banking sector was in the limelight as Bank Al Falah, volume leader, rose 1.54 percent, to 9.25 rupees and Atlas Bank gained 7.34 percent to end at 2.34 rupees.
Most companies will announce their financial results for the quarter ending Sept. 30 in the coming weeks.
The Karachi Stock Exchange's benchmark 100-share index ended 0.60 percent, or 62.07 points, higher at10,322.55. The KSE-index ended at 10,351.72 points on Aug. 5.
Turnover was 88.84 million shares, compared with 134.7million shares on Friday.
Positive activity continued ahead of the corporate result announcement session on strong support from institutions.
The banking sector was in the limelight as Bank Al Falah, volume leader, rose 1.54 percent, to 9.25 rupees and Atlas Bank gained 7.34 percent to end at 2.34 rupees.
Most companies will announce their financial results for the quarter ending Sept. 30 in the coming weeks.
No comments:
Post a Comment