At local equity market benchmark KSE-100 share index shed 52.39 points or 0.37 percent to finish the first day of trading week at 13,990.38 points as compared to the 14042.77 points of the last working day on Friday.
Stock dealer Samar Iqbal said, in the absence of any upcoming trigger coupled with rising political noise kept investors on the sidelines. Volumes fell to just 164 million shares with shares of leading firms coming down.
JSCL closed on lower limit with 60 million shares. National Bank of Pakistan also closed down by Rs.2 with 87 million shares after lower than expected March result announced last week, she added. KSE-Allshare index lost 36.41 points or 0.37 percent to stop the day at 9,812.71 points, KSE-30 share index decreased 94.15 points or 0.76 percent to close the day at 12,252.16 points while the KMI-30 share index misplaced 117.91 points 0r 0.48 percent to finish the trading session at 24,225.87 points.
Index moved in narrow range amid thin trade. Concerns loomed over gas shortfall for fertilizer, textile and power sectors. Rising circular debt issues in Pakistan energy sector, political uncertainty, deteriorating security situation in the city and limited foreign interest after uncertain global stocks on Euro zone debt crisis played a catalyst role in bearish sentiments at KSE, analyst observed.
Bourse traded 164,070 million shares after opening at 196,158 million shares. Trading took place in369 stocks where 149 companies close in positive and 156 in negative while the values of 64 stocks remain intact.
JS Co was the leading company of the day and traded 16,270 million shares off Re 0.99 as it close at Rs 14.93 after opening at 15.92.
TRG Pakistan was on the second position with 10,295 million shares gained Rs 0.42 to close at Rs 4.06. It was followed by WorldCall Telecom, Fauji Cement and DGK Cement with turnover of 9,310 million, 7,912 million and 7,649 million shares respectively.
Unilever Food and Wyeth Pak Limited were the highest price gainers of the day increased by Rs 108.78 and Rs 19.33 while the top loser were led by the Nestle Pakistan Ltd and Pak Oilfields decreased by Rs 28.04 and Rs 5.77 correspondingly.