Pakistan stocks make history

Pakistan stocks make history
Published: 14 January 2004

The Karachi stock market created history yet again this week as the index closed at an all-time high level, helped by buying at the dips by institutions and investors in the cement and energy sectors, analysts said. The benchmark KSE 100-share index gained 9.61 points, or 0.21 percent, to close at 4,607.51 points against Monday¹s closing of 4,597.90 points. The previous record closing of the index was at 4,606 points made on September 12. The cement sector was the major gainer of the day, with Chakwal Cement topping the list of volume leaders but the oil giant PSO faced volatile situation to suffer selling and gaining from buying at dips. Chakwal Cement, s with a turnover of 17.40 million shares, gained 55 paisas to close at Rs 6.20 gaining, followed by D G Khan Cement at Rs 45.20, down 30 paisas, and Fauji Cement at Rs 11.20, up 65 paisa.