Index sheds 14.3 points

The Karachi share market on Friday witnessed mixed trend with the KSE-100 index oscillating between 12,529.10 points intra-day high and 12,451.81 points intra-day low levels. The index closed at 12,462.70 points with a loss of 14.30 points. Trading remained very low and the volume at ready counter declined to 87.909 million shares as compared to 112.373 million shares traded on Thursday.
Market capitalisation declined by Rs 3 billion to Rs 3.369 trillion. Of 373 active scrips, 196 closed in positive and 157 in negative, while the values of 220 scrips remained unchanged. Lotte Pakistan PTA was volume leader with 12.302 million shares and gained Re 0.12 to close at Rs 15.53. Fauji Fertiliser Bin Qasim increased by Re 0.49 to close at Rs 41.19 with 7.745 million shares. Nishat (Chunian) inched up by Re 0.54 to close at Rs 23.55 with 5.519 million shares.
Azgard Nine lost Re 0.30 to close at Rs 11.65 with 5.500 million shares. Attock Refinery surged by Rs 5.25 to close at Rs 139.36 with 3.208 million shares. Fauji Fertiliser Co declined by Rs 0.89 to close at Rs 152.77 with 2.534 million shares. Picic Invest Fund inched up by Re 0.20 to close at Rs 6.50 with 2.503 million shares. Bank Al Falah gained Re 0.16 to close at Rs 11.72 with 2.317 million shares. Picic Growth Fund closed at the same level of Rs 14.50 with 2.141 million shares. Nishat Chunian Power gained Re 0.32 to close at Rs 16.97 with 1.907 million shares.
Nestle Pakistan and Unilever Foods were the highest gainers increasing by Rs 143.74 and Rs 56.99 to close at Rs 3293.75 and Rs 1216.99 respectively, while Unilever Pak and Siemens Pak were the worst losers declining by Rs 87.22 and Rs 17.21 to close at Rs 4546.28 and Rs 1135.00 respectively.
Ahsan Mehanti at Arif Habib Investments said that the market witnessed mixed trend with thin volume as investors awaited SBP''s monetary policy announcement due on Saturday. He said that record result announcements in oil sector scrips, including POL and APL, and renewed foreign interest in blue chip scrips supported the market. However, local investors'' participation remained very thin as they awaited the monetary policy.