At local equity market benchmark KSE-100 share index misplaced 50.93 points or 0.33 percent to stop the day’s trading at 15,398.68 points as compared to 15,449.61 points of the last working day on Friday.
Analysts said consolidation continued in blue-chip stocks. Investors remained cautious on uncertainty in global stocks despite higher global commodities and stronger valuations in oil & cement stocks.
KSE-Allshare index shed by 35.47 points or 0.33 percent to close the day at 10,863.05 points, KSE-30 share index down by 32.87 points or 0.25 percent to finish the day’s trading at 13,040.25 points while KMI-30 share index lost 55.35 points or 0.20 percent to end the day at 27,239.65 points.
With NRO hearing scheduled for tomorrow kept investors at a bay. Though healthy payout brought investors interest in Attock group particularly POL and NRL which closed Rs.6.5 and Rs.5.9 up respectively, but it failed to spur buying in other scrips. Volumes fell to 97.9 million shares, dealer observed.
The turnover of equity market in term of shares 97.940 million shares as compared to 132.844 million shares of a last working day and the value of traded shares was climbed to Rs 3.657 billion as compared to Rs 3.225 billion of its opening. The Karachi stock market capitalisation settled at 3.911 trillion as compared to Rs 3.928 trillion of a day earlier.
During the session 316 companies participated in the trading where losers held a strong lead over the gainers 172 to 112 while the values of 30 stock remained intact. Nestle Pakistan Limited was the biggest loser of the day down by Rs 75 to Rs 4100 while the highest gainer was led by Atlas Battery XDXB increased by Rs 11.86 to Rs 249.16.
NIB Bank Limited was the volume leader of the day with 16.444 million shares as it closed at Rs 2.52 after opening at Rs 2.41.
Fauji Cement was on the second position with 9.869 million shares off by Re 0.26 to stop at Rs 6.22.
It was followed by Engro Foods Limited with 8.149 million shares up by Rs 2.02 to Rs 70.68, Telecard Limited with 3.913 million shares shed by Re 0.20 to Rs 3.13 and Jahangir Siddique Company with 3.409 million shares down by Re 0.23 to lock the day at Rs13.72.
Meanwhile, bearish trend prevailed in Lahore Stock Exchange on Monday as it shed 28.05 points, following the LSE-25 index opened with 4147.06 and closed at 4119.01 points. The market’s overall situation, however, corresponded to an upward trend as it remained at 4.430 million shares to close against previous turnover of 2.375 million shares, showing an upward move of 2.054 million shares. While, out of the total 89 active scrips 14 moved up, 51 remained equal and 24 shed values.
Pakistan Oil Fields Limited, Engro Foods Limited and Dawood Hercules Corporation were major gainer of the day by recording increase in their per share value by Rs 9.68, Rs 2.26 and Rs 1.73, respectively.