STOCK MARKET UPDATE: 16.04.2012

Stock

Karachi Stocks Down 198.45 Points:
KARACHI, Apr 16: The KSE-100 index was at 13600.98, down 198.45 points. (today11.35am)

April 13, 2012

 5 TOP GAINERS  &  LOOSERS:

Unilever Food	Rs 90.56	Nestle Pakistan	Rs (64.43)
Millat Tractors	Rs 19.16	Mithchells Fruit	Rs (8.62)
Pak Petroleum	Rs 9.09	Island Textile	Rs (2.57)
Sanofi-Aventis	Rs 7.28	EFU General Ins	Rs (2.32)
Attock Petroleum	Rs 6.86	Engro Foods Ltd	Rs (2.22)

Bargain hunters buck up Karachi stocks

KARACHI: Karachi stocks ended up on Friday as bargain hunters accumulated shares on cheap prices after the market fell nearly 1 percent the previous day and on hopes of healthy corporate profits, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.77 percent, or 105.68 points, to end at 13,799.42.

Volume was 380 million shares, compared with 340.51 million shares traded on Thursday.

"The market was bullish today on expectations of strong profits for the quarter ended March 30, which are due to be announced in the coming weeks," a dealer at a brokerage house.
Among the most active companies, volume leader Jahangir Siddiqui ended 5.06 percent lower at 18.77 rupees and Pakistan Telecommunication Co Ltd rose 8.25 percent to 13.12 rupees.

MOHAMMED SALEEM MANSOORI