KARACHI: After moving both sides, the KSE-100 index on Wednesday finally closed at 13,293.12 points, down 10.21 points due to profit taking in late hours.
The market opened on a strong positive note and the index hit 13,399.39 points intra-day high level. However, investors opted for profit taking in late hours and the index dropped into negative zone at 13,265.30 points intra-day low level.
Trading activities however improved as the volumes at ready counter increased to 266.068 million shares as compared to 247.813 million shares traded on Tuesday. Total market capitalization declined by Rs 18 billion to stand at Rs 3.410 trillion. Of the total 387 active stocks, 159 closed in positive and 137 in negative while the value of 91 stocks remained unchanged.
Jahangir Siddiqui Co was the volume leader with 30.206 million shares and gained Re 0.62 to close at Rs 18.58. TRG Pakistan inched up by Re 0.45 to close at Rs 4.08 with 27.394 million shares.
In the banking sector, JS Bank, NIB Bank and BoP increased by Re 0.16, Re 0.28 and Re 0.22 to close at Rs 6.94, Rs 2.69 and Rs 8.56 with 13.959 million shares, 10.865 million shares and 7.056 million shares respectively while Bankislami declined by Re 0.57 to close at Rs 6.07 with 9.413 million shares.
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