Index gains 46.01 points

The KSE-100 index on Wednesday recovered 46.01 points on the back of investors’ renewed interest, and closed at 10,704.16 points. After opening in positive, the index hit 10,757.28 points intra-day high, up 99.13 points. However, profit taking in some select stocks in late hours reduced the gains. Trading reduced slightly and the volume at ready counter declined to 142.108 million shares as compared to 150.697 million shares traded on Tuesday.arket capitalisation increased by Rs 13 billion to Rs 2.932 trillion.Of 385 active scrips, 192 closed in positive and 163 in negative, while the value of 30 scrips remained unchanged.Nishat Power was volume leader with 20.207 million shares, and gained Re 1.00 to close at Rs 14.56. NBP increased by Rs 1.65 to close at Rs 68.76 with 13.123 million shares. UBL declined by Re 20 to close at Rs 57.27 with 3.621 million shares. Lotte Pakistan PTA inched up by Re 0.01 to close at Rs 10.17 with 13.026 million shares. Amtex increased by Re 0.50 to close at Rs 7.65 with 8.178 million shares. Jahangir Siddiqui Co gained Re 0.09 to close at Rs 10.07 with 7.576 million shares.Nishat Power gained Re 1.00 to close at Rs 13.69 with 7.157 million shares. Nishat (Chunian) increased by Re 0.27 to close at Rs 23.17 with 5.234 million shares. Lafarge Pakistan lost Re 0.10 to close at Rs 2.82 with 4.361 million shares. Engro Polymer inched up by Re 0.70 to close at Rs 14.12 with 4.361 million shares.

Unilever Foods and Colgate Palmolive were the highest gainers increasing by Rs 50.00 and Rs 38.94 to close at Rs 1050.00 and Rs 823.89 respectively, while Sanofi-Aventis and Nestle Pakistan were the worst losers declining by Rs 6.93 and Rs 5.03 to close at Rs 131.92 and Rs 1944.94 respectively.Ahsan Mehanti at Arif Habib Investments said that positive activity was witnessed in the earnings announcement session ahead of IMF meeting to discuss next tranche for Pakistan economic support as investors await major earnings announcements this week.Foreign interest in blue chip oil and gas, banking scrips, better than expected earnings announcements in power sector and expectation for early approval of leverage products kept the investor sentiment positive throughout the trading session despite concerns for rising economic uncertainty, circular debt issue in Pakistan energy sector – Brecorder