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Sunday, 2 September 2012

STOCK MARKET UPDATE: 03.09.2012



STOCK:
Karachi Stocks  Up 123.40 Points:
KARACHI, Aug 31: At the close of trading, the KSE-100 index was at 15377.11, up 123.40 points.
(TODAY: MARKET PLUS 78.17 …11.13 AM)
August 31, 2012
5 TOP GAINERS  &  LOOSERS:

Colgate Palmolive
Rs 55.00
Nestle Pakistan
Rs (50.00)
Bata Pakistan
Rs 52.89
Mithchells Fruit
Rs (13.75)
Rafhan Maize
Rs 30.81
Ismail Industries
Rs (7.30)
Exide Pakistan
Rs 15.46
Indus Motor Co
Rs (7.10)
Island Textile
Rs 8.90
Abbot Lab
Rs (3.17)
Pakistani stocks hit four-year high
KARACHI: Pakistani stocks closed at a four-year high on Friday after investors were encouraged by a slowdown in inflation, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index closed 0.90 per cent, or 137.87 points, higher at 15,391.58, on volume of 13.12 million shares.
Pakistan’s Consumer Price Index (CPI) rose 9.1 per cent in August from a year earlier, the Pakistan Bureau of Statistics said on Friday. The year-on-year rate was 9.60 per cent in July.
“A further slowdown in inflation numbers enticed investors to take fresh positions,” said Samar Iqbal, a trader at Topline Securities.
In the currency market, the Pakistani rupee ended slightly weaker at 94.56/94.61 to the dollar, compared to Thursday’s close of 94.48/94.54.
Overnight rates in the money market ended at 10.40 per cent compared with 7.50 on Thursday.



MOHAMMED SALEEM MANSOORI

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