RECORDER REPORT: KSE close of day

Monday, 13 February 2012 17:04

KARACHI: After witnessing a setback during early hours on investors concerns over prevailing political situation in the country, the KSE-100 index managed to close in positive at 12,250.00, up 18.40 points.

The market opened on strong negative note and the index hit 12,156.14 points intra-day low level. However, reviving investors’ interest in some selective stocks supported the index to not only recover intra-day losses but also hit 12,287.51 points intra-day high level.

Trading activities also improved as the volumes at ready counter increased to 116.090 million shares as compared to 107.140 million shares traded on last trading session. Total market capitalization increased by Rs 6 billion to Rs 3.191 trillion. Of the total 328 active stocks, 154 closed in positive and 91 in negative while the value of 83 stocks remained unchanged.

Jahangir Siddiqui Co was the volume leader with 28.468 million shares and gained Rs 1.00 to close at Rs 8.47. Azgard Nine increased by Rs 0.96 to close at Rs 5.93 with 18.953 million shares.

In the banking sector, JS Bank inched up by Rs 0.63 to close at Rs 3.92 with 6.120 million shares while NBP lost Rs 0.19 to close at Rs 46.35 with 2.882 million shares.

Fauji Cement and Cherat Cement gained Rs 0.01 and Rs 0.24 to close at Rs 4.56 and Rs 12.79 with 6.052 million shares and 3.858 million shares respectively while Lafarge Pakistan decreased by Rs 0.02 to close at Rs 2.22 with 2.609 million shares.

Engro Foods declined by Rs 1.87 to close at Rs 35.68 with 3.874 million shares.

Descon Oxychem increased by Rs 0.68 to close at Rs 5.21 with 3.551 million shares. Pak Elektron surged by Rs 1.00 to close at Rs 5.94 with 3.405 million shares.

Unilever Pak and Unilever Foods were the highest gainers increasing by Rs 240.70 and Rs 50.00 to close at Rs 5553.47 and Rs 1750.00 respectively while Indus Dyeing and Services Industries were the worst losers declining by Rs 18.65 and Rs 7.42 to close at Rs 356.10 and Rs 194.58 respectively.