Market continued its positive momentum. Buying at dips was witnessed which resulted in benchmark index gaining 90 points to close at 26260 level, dealers observed here on Monday. KSE-Allshare index up by 89.84 points or 0.46 percent to stop the day at 19545.40 points, KSE-30 share index grew by 46.77 points or 0.24 percent to close the day at 19437.23 points while KMI-30 share index increased by 157.92 points or 0.36 percent to conclude the session at 44167.38 points. Equity dealer Asad Siddiqui said on the back of commencement of gas supply from Reti-Maru field. Investors remained interested in Engro Corp , the scrip gained 4pc with volume of 8.8m shares. Conversely, investors booked profits in PSO, PTC, NBP, MCB amongst others, moreover, profit taking was also seen across the cement sector. The day turn over market was 336.366 million shares compared to 282.513 million shares of a day earlier. Value of traded shares was climbed to Rs 11.750 billion from Rs 9.780 billion while the capitalisation of the market maintained at Rs 6.340 trillion compared to Rs 6.312 trillion of a day earlier. Out of 401 companies 215 closed in positive and 172 in negative while the value of 14 stocks remained intact. Again Nestle Pak was the biggest price gainer up by Rs 361.05 to Rs 9259.80 followed by Colgate Palmolive added Rs 41.60 to Rs 1675 . Bata (Pak) and Shezan Inter were the top losers of the day decreased by Rs 50.40 to Rs 3049.60 and Rs 39 to Rs 761 . Analyst at Arif Habib Corp , Ahsan Mehanti said stocks closed record high ahead of corporate earning announcements. Trade remained high led by second and third tier stocks. Fertilizer and textile stocks supported the index to close near day’s high on expectations for record textile exports post GSP plus status and rise in local fertilizer prices on GIDC levy on fertilizer units. Record cement sales data for Dec `13 and easing concerns for circular debt post revision in local power tariff impacted sentiments despite concerns for high government borrowings. Top ten srcips topped by KESC with 30.069 million shares as it closed at Rs 6.07 after opening at Rs 6 . PIAC (A) was on the second position with 28.439 million shares grew by Re 0.35 to Rs 9.55 . It was followed by Engro Polymer with 15.180 million shares shed by Re 0.98 to Rs 15.72 , Lafarge Pakistan with 13.370 million shares higher by Re 0.04 to Rs 8.65 and Fauji Cement with 13.336 million shares off by Re 0.30 to Rs 15.85 .
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