KARACHI: Bearish trend continued on the Karachi share market on Tuesday and the benchmark KSE-100 index lost another 49.69 points to close at 13,708.23 points with extreme low volumes.
After opening the market witnessed a mixed trend with the index oscillating between 13,793.33 points intra-day high and 13,630.35 points intra-day low levels.
Trading activities remained extremely low as the volumes at ready counter declined to 67.622 million shares as compared to 95.714 million shares traded on Monday. Total market capitalization reduced by Rs 13 billion to stand at Rs 3.509 trillion. Of the total 362 active scrips, 167 closed in negative and 99 in positive while the value of 96 stocks remained unchanged.
DG Khan Cement was the volume leader with 5.187 million shares however lost Re 0.56 to close at Rs 41.31. Fatima Fertilizer Co declined by Re 0.38 to close at Rs 24.55 with 4.561 million shares. Jahangir Siddiqui Co decreased by Re 0.27 to close at Rs 14.64 with 3.734 million shares. Hub Power Co closed at Rs 39.70, down Re 0.11 with 2.884 million shares.
Engro Foods increased by Re 0.63 to close at Rs 67.18 with 2.297 million shares. Pak Elektron gained Re 0.16 to close at Rs 6.19 with 2.267 million shares. KESC lost Re 0.07 to close at Rs 3.52 with 2.080 million shares.
In the banking sector, NBP and Bank Al Falah declined by Re 0.62 and Re 0.27 to close at Rs 43.89 and Rs 16.72 with 2.069 million shares and 1.799 million shares respectively. Nishat Mills decreased by Re 0.67 to close at Rs 48.96 with 1.872 million shares.
Nestle Pakistan and Unilever Pak were the top gainers increasing by Rs 150.21 and Rs 60.19 to close at Rs 4000.15 and Rs 7260.00 respectively while National Refinery and Mithchells were the top losers declining by Rs 12.00 and Rs 11.74 to close at Rs 229.34 and Rs 310.57 respectively.
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