Thursday, 12 July 2012 18:33
KARACHI: The KSE-100 index on Thursday closed at 14,401.74 points with a modest gain of 21.28 points.
The market witnessed bullish trend during most part of the session and the index hit 14,500.61 points intra-day high level. However the investors opted for profit taking during last hours due to uncertainty on political front that minimized the intra-day gains.
Trading activities also improved significantly on the back of investors’ active participation and the volumes at ready counter increased to 109.104 million shares as compared to 80.603 million shares traded on Wednesday. Total market capitalization increased by Rs 8 billion to Rs 3.671 trillion. Of the total 360 active stocks, 163 closed in positive and 109 in negative while the value of 88 stocks remained unchanged.
DG Khan Cement was the volume leader with 12.394 million shares and gained Re 0.12 to close at Rs 43.06. In the other cement sector stocks, Fauji Cement lost Re 0.10 to close at Rs 5.79 with 5.508 million shares while Lucky Cement increased by Rs 1.34 to close at Rs 125.27 with 4.560 million shares.
Engro Foods declined by Rs 3.55 to close at Rs 69.86 with 7.903 million shares.
NIB Bank inched up by Re 0.14 to close at Rs 2.19 with 5.478 million shares while Bank Al Falah lost Re 0.13 to close at Rs 17.86 with 4.038 million shares. Jahangir Siddiqui Co decreased by Re 0.09 to close at Rs 14.23 with 5.253 million shares. Azgard Nine gained Re 0.05 to close at Rs 6.61 with 5.037 million shares.
Hub Power Co increased by Re 0.27 to close at Rs 42.94 with 4.200 million shares. Fauji Fertilizer Bin Qasim declined by Re 0.97 to close at Rs 40.60 with 3.305 million shares.
Rafhan Maize and Nestle Pakistan were the top gainers increasing by Rs 100.00 and Rs 91.50 to close at Rs 3200.00 and Rs 4104.00 respectively while Unilever Pak and Sanofi-Aventis Pak were the top losers declining by Rs 185.50 and Rs 9.55 to close at Rs 7213.50 and Rs 184.50 respectively.
Copyright Business Recorder, 2012