RECORDER REPORT: KSE close of day

KARACHI: The KSE-100 index on Thursday declined by 123.22 points to close at 13,693.74 points as the investors opted for selling due to selling mainly by local investors and institutions.

The market opened slight positive and the index touched 13,828.17 points intra-day high level. However, the index dropped into deep red at 13,598.30 points intra-day low level due to selling by local corridors.

Trading activities also remained low as the volumes at ready counter declined to 340.509 million shares as compared to 511.291 million shares traded on Wednesday. Total market capitalization declined by Rs 35 billion to stand at Rs 3.515 trillion. Of the total 360 active scrips, 212 closed in negative and only 92 in positive while the value of 56 stocks remained unchanged.

Fauji Cement was the volume leader with 30.143 million shares, however lost Re 0.46 to close at Rs 6.69. In the other cement sector stocks, DG Khan Cement, Lafarge Pakistan and Dewan Cement declined by Rs 2.00, Re 0.34 and Re 0.19 to close at Rs 39.97, Rs 5.24 and Rs 7.46 with 21.512 million shares, 17.966 million shares and 17.558 million shares respectively.

Jahangir Siddiqui Co decreased by Rs 1.04 to close at Rs 19.77 with 27.845 million shares. Azgard Nine lost Re 0.78 to close at Rs 9.08 with 18.585 million shares.

Nestle Pak and Island Textile were the top gainers increasing by Rs 70.08 and Rs 7.92 to close at Rs 4420.51 and Rs 237.57 respectively while Sanofi-Aventis and EFU General Ins were the worst losers declining by Rs 9.38 and Rs 4.41 to close at Rs 183.49 and Rs 84.91 respectively.