Wednesday, 30 May 2012 20:22
KARACHI: The KSE-100 index on Wednesday plunged by 200.09 points to settle at 13,871.76 points due to massive selling after mid session.
The market witnessed some support during early hours and the index to hit 14,108.20 points intra-day high level on the back of fresh buying in some selective stocks. However, massive selling after mid session forced the index into negative zone at 13,863.67 points intra-day low level.
Trading activities also remained low as the volumes at ready counter declined to 129.271 million shares as compared to 160.177 million shares traded on Tuesday. Total market capitalization reduced by Rs 53 billion to stand at Rs 3.548 trillion. Of the total 367 active stocks, 201 closed in negative and 99 in positive while the value of 67 stocks remained unchanged.
Bankislami Pakistan was the volume leader with 15.507 million shares however lost Re 0.62 to close at Rs 11.42.
In the fertilizer sector, Engro Corporation, Fauji Fertilizer Co and Fatima Fertilizer Co declined by Rs 5.20, Rs 4.00 and Re 0.48 to close at Rs 108.50, Rs 109.06 and Rs 24.31 with 9.283 million shares, 5.364 million shares and 4.325 million shares respectively.
DG Khan Cement and Fauji Cement decreased by Rs 1.65 and Re 0.16 to close at Rs 41.49 and Rs 6.10 with 8.711 million shares and 5.955 million shares respectively.
Jahangir Siddiqui Co lost Re 0.63 to close at Rs 15.62 with 8.501 million shares. TRG Pakistan decreased by Re 0.16 to close at Rs 4.08 with 5.648 million shares. Engro Foods declined by Rs 3.40 to close at Rs 68.20 with 3.550 million shares. Azgard Nine closed at Rs 6.80, down Re 0.08 with 3.262 million shares.
Rafhan Maize and Mithchells Fruit were the top gainers increasing by Rs 29.12 and Rs 15.05 to close at Rs 2715.00 and Rs 316.14 respectively while Unilever Food and Nestle Pakistan were the top losers declining by Rs 152.37 and Rs 50.13 to close at Rs 2895.13 and Rs 3878.44 respectively.
Copyright Business Recorder, 2012