Monday, 14 May 2012 18:11
KARACHI: The Karachi share market on Monday witnessed mixed trend due to investors’ cautious stance and the benchmark KSE-100 index after moving both sides finally closed at 14,228.77 points, down 1.72 points.
After positive opening the index hit 14,310.08 points intra-day high however the index dropped into negative zone at 14,164.47 points intra-day low level due to profit taking opted by the investors.
Trading activities also remained extremely low as the volumes at ready counter declined to 101.423 million shares as compared to 236.945 million shares traded on last trading session. Of the total 374 active scrips, 153 closed in positive and 128 in negative while the value of 93 stocks remained unchanged.
PTCL was the volume leader with 11.272 million shares and gained Re 0.28 to close at Rs 16.36. Jahangir Siddiqui Co inched up by Re 0.41 to close at Rs 16.19 with 9.144 million shares. DG Khan Cement increased by Re 0.44 to close at Rs 44.95 with 7.897 million shares. Lotte Pakistan PTA closed at Rs 9.54, up Re 0.01 with 6.474 million shares.
In the fertilizer sector, Engro Corporation, Fatima Fertilizer Co and Fauji Fertilizer Co surged by Re 0.38, Re 0.05 and Re 0.79 to close at Rs 108.37, Rs 25.11 and Rs 120.76 with 4.781 million shares, 4.305 million shares and 2.339 million shares respectively. Engro Foods declined by Rs 3.48 to close at Rs 66.30 with 4.667 million shares. IGI Inv. Bank gained Re 0.49 to close at Rs 2.92 with 3.881 million shares. JS Investments inched up by Re 0.16 to close at Rs 9.52 with 3.235 million shares.
Unilever Food and Mithchells Fruit were the top gainers increasing by Rs 133.85 and Rs 9.60 to close at Rs 3316.85 and Rs 204.35 respectively while Nestle Pakistan and Rafhan Maize were the top losers declining by Rs 205.81 and Rs 79.75 to close at Rs 3954.68 and Rs 2900.00 respectively.