Karachi: For the sixth consecutive day, bulls ruled the trading arena as the KSE-100 share index closed at a new high of the current bullish rally. According to Adeel & Nadeem Securities Limited, however profit taking in the later stages wiped out most of the intra-day gains. The KSE-100 share index gained 91.44 points (+0.74 percent) to conclude the day at 12,495.68.
The intra-day range of the KSE-100 index for the session was 12,443.32 – 12,611.25. Total shares traded during the session increased further by 27.71 million shares from the previous turnover of 205.56 million shares to reach at 233.27 million shares. The KSE-100 share index opened the session at 12,443.19 with an upside gap of 39.08 points and once again it remained in the green zone for the entire session as opening proved to be the day’s low.
The foreign investors were seen on the buying side with a net buy of $US 2.24 million during the session. Out of 340 active scrips, 138 closed in the green zone, 121 in the red zone, while the values of 81 stocks remained unchanged. The KSE-100 share index is currently bullish with the stop loss of 12,175 with the next target of 12,756.