KARACHI

Stocks closed lower on concerns for rising terrorist attacks in the country, equity experts observed here on Monday.

The KSE benchmark 100-share index shed 36.59 points or 0.12 percent to conclude the session at 20742.52 points compared to 29509.11 points of the last working day on Friday.

An expert said activity remained thin led by second and third tier stocks. Investors booked profits in selected stocks across the board on prevailing economic uncertainty, limited foreign interest and consolidation in post budget trading session after rising tax burden on investors in federal budget on capital gains and bonus shares played catalyst role in bearish sentiments at KSE despite support in fertilizer scrips on improved urea off take data for May'14.  KSE-Allshare up by 8.36 points or 0.04 percent to end the trading at 21833.50 points, KSE-30 share index off by 7.08 points or 0.04 percent to stop the day at 20212.70 points while KMI-30 index misplaced 17.23 points or 0.04 percent to finish the trading at 47194.67 points.  Market traded 132.973m shares after opening at 208.294m shares and the value of traded shares was reduce to Rs 8.313b from Rs 11.230b and the capitalisation of the market maintained at Rs 6.996 trillion compared to Rs 6.994tr of a day earlier.

Samar Iqbal AVP at Topline Securities said market closed slightly negative after profit-taking in the last hour. Sentiments remained positive after MQM ended sit-ins, coupled with healthy foreign buying last week.

Renewed interest in Mari and PPL was seen after Mari announced higher-than-expected production estimates from Ghauri field. Hascol, FCCL and KEL remained active with 8m shares volume recorded in each scrip, she added.

Out of 352 companies, 133 closed in positive and 197 in negative while the value of 22 stocks remained intact. Bata (Pak) and Island Textile were led the downhill trend down by Rs 56.19 to Rs 3401 and Rs 43.50 to Rs 925. Siemens Pakistan and Pak Tobacco were the biggest price gainers of the day up by Rs 49 to Rs 1400 and Rs 19.98 to Rs 1290.

Active list was topped by Hescol PetroleXD with 8.305 million shares as it closed at Rs 78.05 after opening at Rs 77.50. Fauji Cement was the second highest of the day with 8.118 million shares of by Re 0.50 to Rs 20.33. It was followed by K-Electric Ltd with 8.001 million shares shed by Re 0.18 to Rs 8.27, TRG Pakistan Ltd with 5.648 million shares grew by Re 0.06 to Rs 15.11 and Pak Petroleum with 5.250 million shares gained Rs 3.75 to Rs 224.86.