RECORDER REPORT: KSE close of day

KARACHI : The KSE-100 index on Monday lost 10.85 points to close at 13,864.68 points due to profit taking mainly by loca

Published April 9, 2012 Updated April 9, 2012 01:51pm

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By Shoaib Ur Rehman

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KARACHI: The KSE-100 index on Monday lost 10.85 points to close at 13,864.68 points due to profit taking mainly by local and foreign investors and institutions in late hours.

The market opened on a strong positive note and the index breached 14,000 psychological level to hit 14,025.95 points intra-day high. However, this momentum could not continue as the local investors opted for profit taking on available margins and the index dropped into negative zone at 13,836.21 points intra-day low level.

Trading activities remained low as the volumes at ready counter declined to 348.244 million shares as compared to 433.019 million shares traded on last trading session. Total market capitalization reduced by one billion rupees to stand at Rs 3.564 trillion. Of the total 374 active stocks, 177 closed in positive and 138 in negative while the value of 59 stocks remained unchanged.

WorldCall Telecom was the volume leader with 30.864 million shares and gained Re 0.09 to close at Rs 4.05.

In the cement sector, Dewan Cement and Lafarge Pakistan lost Re 0.51 and Re 0.13 to close at Rs 6.19 and Rs 5.16 with 21.066 million shares and 15.352 million shares respectively while Fauji Cement and DG Khan Cement increased by Re 0.20 and Re 0.39 to close at Rs 6.07 and Rs 39.58 with 19.681 million shares and 15.206 million shares respectively. KESC inched up by Re 0.57 to close at Rs 4.53 with 19.304 million shares.

In the banking sector, Summit Bank and NIB Bank gained Re 0.07 and Re 0.15 to close at Rs 4.70 and Rs 2.85 with 17.300 million shares and 12.233 million shares respectively. Jahangir Siddiqui Co inched up by Re 0.72 to close at Rs 21.65 with 16.725 million shares. Pace (Pak) Limited lost Re 0.11 to close at Rs 3.60 with 12.846 million shares.

Unilever Pak and Nestle Pak were the highest gainers increasing by Rs 271.69 and Rs 87.70 to close at Rs 5844.49 and Rs 4509.00 respectively while Attock Petroleum and Lucky Cement were the worst losers declining by Rs 5.81 and Rs 4.01 to close at Rs 456.03 and Rs 123.56 respectively.

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