Friday, 29 June 2012 18:09
KARACHI: Profit taking in late hours on Friday forced the benchmark KSE-100 index into negative zone to close at 13,801.41 points, down 4.01 points.
The market opened on a strong positive note on the back of local investors and institutional support and the index hit 13,885.60 points intra-day high. However, the investors opted for profit taking in second session and the index dropped into negative zone at 13,764.34 points intra-day low level.
Trading volumes at the ready counter however increased to 74.047 million shares as compared to 63.362 million shares traded on Thursday. Total market capitalization reduced by Rs 2 billion to stand at Rs 3.518 trillion. Of the total 447 active stocks, 147 closed in negative and 109 in positive while the value of 191 scrips remained unchanged.
Fauji Fertilizer Co was the volume leader with 6.330 million shares however lost Re 0.89 to close at Rs 111.05 followed by Fatima Fertilizer Co that gained Re 0.11 to close at Rs 24.67 with 5.499 million shares.
In the banking sector, Soneri Bank and NBP declined by Re 0.10 and Re 0.49 to close at Rs 7.39 and Rs 43.54 with 5.169 million shares and 3.260 million shares respectively while Bankislami Pakistan increased by Re 0.40 to close at Rs 10.70 with 3.039 million shares.
Jahangir Siddiqui Co decreased by Re 0.23 to close at Rs 12.41 with 3.741 million shares. Lotte Pakistan PTA lost Re 0.07 to close at Rs 7.03 with 3.125 million shares.
Engro Foods declined by Rs 1.01 to close at Rs 64.45 with 2.550 million shares.
DG Khan Cement lost Re 0.73 to close at Rs 39.38 with 2.459 million shares while Al-Abbas Cement gained Re 0.09 to close at Rs 4.80 with 2.194 million shares.
Unilever Pak and Attock Petroleum were the top gainers increasing by Rs 60.65 and Rs 9.32 to close at Rs 7078.84 and Rs 474.37 respectively while Unilever Food and Nestle Pakistan were the top losers declining by Rs 130.61 and Rs 69.39 to close at Rs 2619.39 and Rs 4014.85 respectively.
Copyright Business Recorder, 2012