KSE index sheds 29.93 points

The investors at share market on Monday opted cautious stance and preferred to book profits which forced the KSE-100 index to close in negative at 12,195.59 points, down 29.93 points. The market opened on a positive note and the index hit 12,268.59 points intra-day high level, up 43.07 points. However, the investors opted for profit taking that forced the index into negative zone at 12,180.28 points intra-day low.
Trading volume at ready counter increased to 120.596 million shares as compared to 79.641 million shares traded on last trading session. Market capitalisation declined by Rs 5 billion to Rs 3.236 trillion. Of 345 active scrips, 135 closed in positive and 135 in negative, while the values of 75 stocks remained unchanged.
Dewan Salman was the volume leader with 27.850 million shares and gained Re 1.00 to close at Rs 3.38. Dewan Cement increased by Re 0.97 to close at Rs 2.59 with 12.059 million shares. Azgard Nine inched up by Re 0.09 to close at Rs 6.80 with 7.484 million shares. Summit Bank and NIB Bank surged by Re 0.73 and Re 0.02 to close at Rs 3.73 and Rs 1.74 with 5.568 million shares and 2.590 million shares respectively.
Jahangir Siddiqui Co lost Re 0.27 to close at Rs 7.67 with 5.549 million shares. TRG Pakistan gained Re 0.13 to close at Rs 2.94 with 4.803 million shares. PTCL inched up by Re 0.07 to close at Rs 17.51 with 3.858 million shares. Dewan Motors increased by Re 1.00 to close at Rs 2.62 with 2.821 million shares. WorldCall Telecom gained Re 0.22 to close at Rs 2.38 with 2.575 million shares.
Siemens Pak and Pak Int Con were the highest gainers, increasing by Rs 27.57 and Rs 3.95 to close at Rs 1007.57 and Rs 85.94 respectively, while Unilever Pak and National Refinery were the worst losers declining by Rs 25.58 and Rs 7.15 to close at Rs 5174.42 and Rs 358.03 respectively.
Ahsan Mehanti at Arif Habib Investment said that mixed trend was witnessed at the local bourse on limited investors' interest ahead of federal budget announcements this week. He said that concerns for rising fiscal deficit, uncertainty over new tax measures for banking sector, oil refineries and government subsidies in Pakistan energy sector affected the sentiment despite recovery in global commodities.