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Fourth straight gain on a 1,000m tape: KSE-100 rises 1.96% to 175,379.86, its highest close since 1st September, as 364 names advance

The KSE-100 gained 1.96% to 175,379.86 on Thursday, 3,366.38 points above Wednesday's 172,013.48, a fourth straight gain that has taken it 8,970.61 points, 5.39%, above last Friday's 166,409.25 and 8.01% above the 23rd October closing low of 162,374.87. It is its highest close since 1st September's 176,466.99 and 2.55% above the 24th July low of 171,021.20. Breadth was firm: 364 advancers against 103 decliners across the 500-name board, with 27 of 33 sectors higher, and 834m traded in advancing names against 140m in declining ones on a 1,000m tape, the heaviest in more than two months and up from Wednesday's 842m. CNERGY was the busiest name, up 0.75% to Rs 12.06 on 74m, ahead of BOP, up 2.59% to Rs 31.70 on 70m, KEL, up 2.33% on 61m, PASL, up 16.78% to Rs 6.96 on 45m, and MDTL, up 14.25% to Rs 8.02 on 39m. Cement rose 2.67% with all 19 names higher, Automobile Assemblers 2.52% with all ten, Technology and Communication 2.55% with 17 of 21 up and Commercial Banks 2.19% with 18 of 19 up. The KSE-100 and the KMI-30 each gained 1.96%, ahead of the KSE-30's 1.93%, and the All-Share's 1.82% was the mildest.