KARACHI: The investors on Friday opted for profit taking on available margins and the benchmark KSE-100 index declined by 153.95 points to close at the level of 13,297.12 points.
The market opened on positive note and the index hit 13,500.39 points intra-day high level. However, this momentum could not continue as the investors opted for profit taking and the index dropped into negative zone at 13,253.38 points intra-day low level.
Trading activities significantly improved as the volumes at ready counter increased to 426.213 million shares as compared to 336.913 million shares traded on Thursday. Total market capitalization declined by Rs 46 billion to stand at Rs 3.442 trillion. Of the total 373 active scrips, 181 closed in negative and 129 in positive while the value of 63 stocks remained unchanged.
Lafarge Pakistan was the volume leader with 57.481 million shares and gained Re 0.41 to close at Rs 3.87. In the other cement sector stocks, Fauji Cement, Dewan Cement and DG Khan Cement lost Re 0.06, Re 0.13 and Re 0.22 to close at Rs 5.44, Re 4.06 and Rs 30.76 with 22.340 million shares, 17.379 million shares and 15.929 million shares respectively.
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