KARACHI: After strong positive opening, the Karachi share market witnessed selling pressure mainly in E&P and banking sector heavy weight stocks and the benchmark KSE-100 index declined by 104.86 points to close at 15,188.53 points.
During the session, the index hit 15,418.19 points intra-day high and 15,139.21 points intra-day low levels.
Trading activities slightly improved as the volumes at ready counter increased to 189.084 million shares as compared to 174.197 million shares traded on Wednesday. Total market capitalization reduced by Rs 26 billion to stand at Rs 3.875 trillion. Of the total 329 active stocks, 198 closed in negative and 110 in positive while the value of 21 stocks remained unchanged.
PTCL was the volume leader with 28.578 million shares and gained Re 0.96 to close at Rs 19.57. KESC inched up by Re 0.24 to close at Rs 6.49 with 17.655 million shares. WorldCall Telecom increased by Re 0.26 to close at Rs 3.04 with 11.239 million shares.
In the cement sector, Maple Leaf Cement gained Re 0.31 to close at Rs 8.78 with 9.408 million shares while DG Khan Cement and Fauji Cement lost Re 0.42 and Re 0.17 to close at Rs 49.31 and Rs 6.43 with 6.295 million shares and 6.185 million shares respectively.
Telecard Limited inched up by Re 0.24 to close at Rs 2.76 with 8.832 million shares. Treet Corp (ROL) decreased by Re 0.55 to close at Rs 2.29 with 7.784 million shares. Hub Power Co declined by Re 0.86 to close at Rs 47.88 with 5.859 million shares. Engro Corporation surged by Rs 1.37 to close at Rs 105.46 with 5.698 million shares.
Exide (Pak) and Island Textile were the top gainers increasing by Rs 15.90 and Rs 13.95 to close at Rs 341.56 and Rs 295.70 respectively while Siemens Pakistan and Wyeth Pak were the top losers declining by Rs 19.00 and Rs 16.67 to close at Rs 900.00 and Rs 983.33 respectively.
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