Monday 12 September 2011

KMI Weekly: Oil & Gas stocks lead KMI

KARACHI: The Halal stocks KMI-30 share index went up by 373.02 points or 1.86 percent during the week.


KMI-30 Index closed at the level of 20,434.92 as compared to last week's closing level of 20,061.90 points. The overall 103 Halal Stocks recorded average daily volumes of 25.635 million shares as compared to 6.677 million shares in the previous week.


Improved city conditions build confidence of investors and healthy results announcement by Attock group brought positive momentum in the market. Foreign portfolio inflows of $1.7 million supported the market to close in green zone.


DG Khan Cement (DGKC) earnings declined by 27% in fiscal 2011. Chemical and oil and gas sector performed well during the week as chemical stocks gained 2.7 percent.


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