| GEO Business|
| KSE-100 Index surges beyond 7,500 level|
| Updated at: 2120 PST, Monday, July 06, 2009|
KARACHI: The benchmark KSE-100 Index of Karachi Stock Exchange (KSE) Monday gained 67.21 points to close at 7538.
The turnover volume was low at 127.032 million shares as prices of 135 scrips recorded gains while 131 sustained losses and 21remained unchanged.
A dealer at a leading brokerage house said that the market was bullish in the morning on hectic buying and Index crossed 7500 level. But it came down to 7400 level on profit taking. However, some buying again helped Index to cross 7500 level at the close, he added.
The market capitalization was improved by about Rs 18 billion to Rs 2.223 trillion.
Jahangir Siddiqui Co was the volume leader with a turnover of17.896 million shares followed by DG Khan Cement with 17.675 million shares, Arif Habib Sec 11.597 million shares, Azgard Nine 8.403million shares and OGDC 8.218 million shares.
OGDC closed at 86.24, Arif Habib Sec 29.69, Jahangir Siddiqui Co26.12, PTCL 17.71, D G Khan Cement 30.48, NBP 73.22, Azgard Nine 26.16and Attock Refinery 143.18. Lakson Tobacco recorded the highest gain of Rs 6.98 to close at183.98 followed by Pak Services which moved up by Rs 6.16 to 130.50while Fazal Textile dipped by Rs 19.25 to 365.75 and Wyeth Pak Ltd went down by Rs 13.49 to 1259.