Local bourse closed above 16,900 points level, first time ever. Volumes increased to 185m shares of which 30pc were contributed by TRG and BYCO only where both stocks closed at their upper circuit breaker.

Listing of its subsidiary on international stock exchanged brought excitement in TRG, while BYCO remained in the limelight on account of group synergies. While on the main board activity remained confined towards fertilizer stocks, cement sector and Hub Power Company, dealers observed here on Thursday. 

The Karachi stock market benchmark KSE-100 share index added 38.19 points or 0.23pc to stop the day’s trading at 16,908.02 points as compared to 16,869.83 points of the previous day.  KSE-Allshare index higher by 28.38 points or 0.24 percent to end the day at 11,954.27 points, KSE-30 share index gained 27.76 points or 0.20 percent to finish the day at 13,737.08 points while KMI-30 share index increased by 55.38 points or 0.19 percent to close the day at 29,032.28 levels.

Turnover of stock market settled at Rs 185.426m shares as compared to 113.952m shares of a day earlier while the value of traded shares was minimised to Rs 3.737 billion from Rs 4.266 billion. KSE capitalidation matured at Rs 4.238 trillion.

Trading took place in 368 companies where losers outnumbered gainers 173 to 167 while the value of 28 stock remained intact. Colgate Palmolive was the highest price gainer of the day up by Rs 49.98 to Rs 1399.98 and the Siemens Pakistan was the top price loser of the day down by Rs 8 to Rs 764.

TRG was the volume leader of the day with 35.260 million shares up by Re 1 to Rs 5.03. It was followed by Byco Petroleum with 21.014 million, Maple Leaf Cement with 14.604 million, Lotte PakPTA with 9.454 million, Fauji Cement with 4.377 million, Dexcon Oxychem with 4.372 million, NIB Bank Limited with 4.342 million,, Fauji Fertilizer with 4.253 million, Nishat (Chunain) with 4.194 million and Engro Corporation with 4.015 million shares respectively.