Tuesday 30 August 2011

KMI gains on active buying of oil and fertilizer stocks

KARACHI: Improvement in DAP off-take numbers in July help fertilizer sector to perform well during the session. Investors should be cautious until the political uncertainty and security situation improves. Market seems to be positive ahead of Eid holidays.


The Halal stocks index KMI 30 gained 78.98 points on first day of new week to close at 19,801.92 points as against 19,722.94 points, the closing figure of the previous session. However, volumes declined and remained dull as only 12.879 million shares were traded on Monday.


Pakistan Petroleum Limited (PPL) lifted the market up with a 1.06 percent rise to Rs 197.90. The petroleum exploration and fertilizer companies had supported the market.




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