Karachi - Political uncertainty ahead of PTI’s sit-in in the federal capital brought fear in local bourse on Thursday, said Fran Rizvi, Manager Equity Sales at JS Securities. At local equity market, benchmark KSE 100-share index shed 184.37 points or 0.59 per cent to end the day at 31270.10 points as compared to 31454.47 points of day earlier.
An equity expert said falling oil prices affected oil stocks like OGDC, POL, & PPL while investors remained cautious ahead of PTI rally. Profit taking was seen in ENGRO which has been rallying in last few days.
KSE-allshare shed 164.61 points or 0.71 per cent to end the day at 22881.27 points, KSE-30 lost 170.55 points or 0.83 per cent to stop the trading at 20447.75 points while KMI-30 lost 347.07 points or 0.69 percent to end the day at 50022.45 points.
Trading took place in 387 companies where losers beat the gainers by 240 to 122 while the values of 25 stocks remained intact. Rafhan Maize was the biggest price loser of the day, decreased by Rs 200 to Rs 10200, followed by Hinopak Motor, down by Rs 31.08 to Rs 893.38. Phillip Morris Pak and Abbot Lab XD were the top price gainers of the day, up by Rs 31.33 to Rs 990.33 and Rs 28.04 to Rs 844.42. The day turnover of market was 197.718 million shares after opening at 246.106 million shares and the value of traded shares declined to Rs 9.585 billion from Rs 13.126 billion. The capitalization of the local bourse settled at Rs 7.206 trillion compared to Rs 7.257 trillion of a day earlier.  Active list was topped by JS Co with 20.433 million shares as it closed at Rs 15.72 after opening at Rs 16.94. TRG Pak Ltd was the second highest on volume chart with 17.299 million shares, grew by Re 0.57 to Rs 11.43. It was followed by Maple Leaf Cement with 9.905 million shares, up by Re 0.40 to Rs 34.91, Pervez Ahmed with 8.979 million shares, shed by Re 0.03 to Rs 3.36 and Pak.Int.Bulk with 7.505 million shares, off by Re 0.37 to Rs 25.90.