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KSE crawls up amid dull activity
 
 
 
KSE crawls up amid dull activity

KARACHI - Dull activity was witnessed at local bourse ahead of roll-over week. Profit-taking was seen in NML and NCL following poor export numbers for textiles. Volumes also dropped 10pc to 130 million shares, Samar Iqbal AVP at Topline Securities observed here on Friday.
At KSE benchmark 100-share added 14.45 points or 0.05 percent to end the day at 28756 compared to 28741.55 points of the previous day.
Analysts said institutional support in selected stocks across the board led by banking scrips on higher spreads, energy stocks on expectation for early resolution of circular debt concerns played a catalyst role in positive close amid consolidation in the pre-budget session at KSE.
KSE-Allshare index up by 7.76 points or 0.04 percent to close the day at 21324.42 points, KSE-30 share index shed by 7.44 percent to stop the trading at 19688.35 points while KMI-30 index off by 47.30 points or 0.10 percent to stop the day at 45598.75 points.
Value of shares declined by 19pc to Rs 4.882 billion from Rs 6.021 billion and the capitalisation of the market record as Rs 6.839 trillion compared to Rs 6.837 trillion of a day earlier.
Trading took place in 343 companies where 158 closed in positive and 162 in negative while the value of 23 stocks remained intact. Rafhan Maize was the biggest price gainer of the day up by Rs 112.50 to Rs 11400 followed by Siemens Pakistan up by Rs 66.10 to Rs 1388.10. Phillip Morris Pak and Sanofi-Aventis XD led the downhill trend down by Rs 44.64 to 848.31 and Rs 32.63 to Rs 895.
Active list was topped by Pak Int Bulk (R) with 17.620 million shares showed no change in the price and maintained at Rs 11.07. K-Electric was again the second highest with 13.103 million shares up by Re 0.07 to Rs 7.72. It was followed by PIAC(A) with 10.953 million shares marginally up by Re 0.01 to Rs 7.36, Lafarge Pak.XD with 8.264 million shares added Re 0.7 to Rs 14.27 and TRG Pakistan Ltd with 7.317 million shares shed by Re 0.23 to Rs 14.50.

 
 
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