RE - Karachi Stock Exchange (KSE) skidded low the same value, yesterday it gained, as the KSE benchmark100 index witnessing a nominal decline of 3.18 points closed at 9,183 points on Wednesday.
The KSE-100 bench mark opened today morning in the negative column and remained under pressure throughout the day.
The turnover at the local bourse stood at 123,600 and the highest trading today was seen in the scrips of Gharibwal Cement whose share remained unchanged at Rs17.90 with a volume of 37,500 followed by MCB Bank whose volume remained 20,300 closed at Rs 23575 with no change. National Assets volume was 13,500 closed at Re0.34 but it dipped to Re 0.17. While Bank Al-Habib shares were exchanged up to 10,000 closed at Rs 34.14 with no change. Southern Electric and Haydery Const volumes were remain 7,000 each closed at Rs 3.65 and Rs 1.03 respectively with witnessing no change in both scrips. While UDL Mod and Habib-ADM having volumes of 5,000 and 3,500 closed to Rs 4.35 and Rs 8.59 dipped down to Re 0.08 and Re 0.36 respectively. Whereas Habib Mod, HBL Mod and KESC remained unchanged with volumes 3,500, 3,000 and 3000 closed at Rs 5.44, Rs 6.00 and Rs 3.80 respectively.
Pak Services was the main leader which shed Rs 26.50 closed at Rs 503.50 with a volume of 200 while Shifa Int Hos also dipped to Rs 1.20 closed at Rs 22.80 with a volume of 500. Only 26 companies traded in the bourse in which no one got advance whereas seven cos dipped while rest of the 19 cos remained unchanged.
Meanwhile, the KSE-30 index witnessing no change remained at 10,042 points and KMI-30 index with no changed closed at 11224.18 points. Analysts believed that the market might see major shifts in the scrips until next week. Singapore Exchange, KSE sign collaboration MoU
While, Lahore Stock witnessed mixed trend as LSE-25 index also lost 1.23 points to close at 2829.51 as compared to previous working day's index of 2830.74 points.
Total turn over however witnessed increasing trend as it remained 13300 shares as compared to previous turn over of 7500 shares showing a difference of 5800 shares. In all 74 companies transacted on the day, only one could move up, one lost its worth, while rates of 72 companies remained unchanged.
Dewan Farooq Motors Ltd was the only gainer of the day while Pakistan Cement Company was loser of the day.
NIB Limited emerged as volume leader of the day with 7000 shares, followed by Pakistan Cement Company with 2,000 shares, Askari Bank Limied with 1,800 shares and the Bank of Punjab Ltd with 1,000 shares.
Meanwhile, Karachi Stock Exchange (KSE) and Singapore Exchange Limited (SGX) have signed a Memorandum of Understanding (MoU) today to collaborate for the benefit of the financial services industries in Singapore and Pakistan.
According to KSE, the MoU aims to foster a closer relationship between both exchanges. This includes sharing best practices regarding each exchange's products as well as the operation and governance of their respective markets.