Bourse closes with 50 point gain, technical error witnessed | Pakistan Today

Bourse closes with 50 point gain, technical error witnessed

Due to technical error the market closed 15 minutes earlier from its official closing, therefore, today’s trading has been merged in the coming Monday’s session.
According to the notice issued by the Deputy General Manager Operations Karachi Stock Exchange it was informed that due to technical fault the KSE building terminal got disconnected that resulted in the suspension of the Friday’s trading session earlier than closing time.
‘Consequently, it has been decided that trading of Friday November 11, 2011 and Monday November 14, 2011 will be merged and settlement for both days will take place on Wednesday November 16, 2011,’ the notice stated.
Market men informed this scribe that by dint of this error they could not make clearance to their stocks. The market usually closes at 4:30 pm on Fridays, but by dint of a technical error occurring in the IT department the clearing of the day has been moved to coming Monday.
Prior to close, the KSE 100 index closed at 12019.32 levels with the gain of 50.27 points, while KSE 30 index gained 73.08 points to close at 11373.46 levels. All Share index closed at 8312.17 levels after gaining 30.90 points. Total 154 scrips advanced 77 declined and 2 remain unchanged out of total 260 scrips traded. Total volume stood at 35,040,710 along with the value of 2,781,764,718. The highest point of the index was 12111.98 during the trading session and the lowest was 11969.05, with the closing percentage of positive 0.42 percent. Top symbols included MCB, Nishat Mills, National Bank, DGK cement, and Arif Habib.

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