KARACHI - Pressure in global equity and currency markets forced investors to sell stocks in Pakistan also. The ongoing Syrian crises affected all leading equity markets and that is why share prices came under pressure.
At Karachi stock market, the benchmark KSE 100-share index lost 398.53 points or 1.74 percent to stop the day at 22523.71 points as compared to 22922.24 points of the previous day. Equity dealer at Topline Securities Samar Iqbal said index heavy weights MCB, OGDC, PSO and POL heavily dropped while Engro Foods and Adamjee Insurance closed at their lower circuit breaker.
KSE allshare-index went down by 254.75 points or 1.55 percent to finish the day at 16160.78 points, KSE 30-share index decreased by 328.82 points or 1.85 percent to end the day at 17480.23 points while KMI 30-share index shed 732.44 points or 1.86 percent to conclude the session at 38666.14 points.
The day turnover of stock in terms of shares was 187.593 million compared to 202.281 million shares of the previous day. In the rally value of shares reduced to Rs 6.855 billion from Rs 7.240 billion while the capitalization of the market maintained at Rs 5.564 trillion after opening at Rs 5.651 trillion.
Out of 356 companies 266 closed in negative and 71 in positive while the values of 19 stocks remained intact. Unilever Food was the biggest loser of the day, decreased by Rs 258 to Rs 5030, followed by Siemens Pakistan, down by Rs 55.51 to Rs 1054.81. Wyeth Pak Limited and Khyber Tobacco were the top gainers, up by Rs 130.03 to Rs 2780 and Rs 9.34 to Rs 196.20.
In the list of top ten active scrips, BOP was on the first position with 23.654 million shares as it closed at Rs 12.49 after opening at Rs 13.14. Lotte Chemical was on the second position with 10.851 million shares, shed Re 0.21 to Rs 7.62. It was followed by Fauji Cement with 8.462 million shares, off by Re 0.36 to Rs 14.29, Dewan Motors with 8.094 million shares, up by Re 0.02 to Rs 5.58 and Maple Leaf Cement with 7.186 million shares, shed Rs 1.27 to Rs 26.92.