RECORDER REPORT: KSE close of day

KARACHI: The KSE-100 index on Wednesday increased by 55.66 points and closed at 11,930.55 level due to local investors interest on dips in some selective stocks.

The foreign investors however remained on the selling side and withdrew $0.34 million from the local equity market.

The market opened on a positive note and the index 11,988.12 points intra-day high. The index remained in green throughout the session.

Trading activities also improved as the volume at ready counter increased to 93.437 million shares as compared to 60.176 million shares traded on Tuesday. Total market capitalization increased by Rs 14 billion to Rs 3.097 trillion. Of the total 311 active stocks, 131 closed in positive and 100 in negative while the value of 80 stocks remained unchanged.

Jahangir Siddiqui Co was the volume leader with 19.200 million shares and gained Re 0.91 to close at Rs 6.48. Meezan Balanced inched up by Re 0.13 to close at Rs 9.13 with 7.411 million shares. DG Khan Cement increased by Re 0.16 to close at Rs 23.35 with 7.335 million shares. Azgard Nine closed at Rs 3.80, up Re 0.40 with 4.802 million shares.

In the fertilizer sector, Fauji Fertilizer Bin Qasim and Fauji Fertilizer Co surged by Re 0.76 and Rs 1.19 to close at Rs 46.87 and Rs 188.14 with 3.840 million shares and 3.827 million shares respectively. Attock Refinery lost Rs 0.14 to close at Rs 120.55 with 3.624 million shares. Lafarge Pakistan decreased by Rs 0.05 to close at Rs 2.04 with 3.434 million shares. F. Dawood Mut. Fund increased by Re 1.00 to close at Rs 2.85 with 3.279 million shares. Pace (Pak) Limited inched up by Rs 0.03 to close at Rs 1.55 with 3.115 million shares.

Nestle Pakistan and Indus Dyeing were the highest gainers increasing by Rs 122.26 and Rs 15.14 to close at Rs 3300.00 and Rs 383.86 respectively while Service Industries and Indus Motor Co were the worst losers declining by Rs 9.92 and Rs 4.50 to close at Rs 200.03 and Rs 219.99 respectively.