KSE index declines by 81.47 points
Wednesday, 31 March 2010
KARACHI, Mar 30 (Business Recorder): The KSE-100 index Monday declined by 81.47 points to close at 10,056.46 points level due to investors' concerns over delay in IMF tranche and difference between major political parties on constitutional reforms.
The market opened on a positive note and the index hit 10,173.30 points intra-day high, up 35.37 points. However, this momentum could not continue as the investors opted for profit taking.
Trading remained low and the volume at ready counter declined to 148.585 million shares as compared to 211.332 million shares traded Friday. Market capitalisation declined by Rs 21 billion to Rs 2.858 trillion. Of 413 active scrips, 235 closed in negative and 155 in positive, while the value of 23 scrips remained unchanged.
Maple Leaf was the volume leader with 14.311 million shares. However, it lost Re 0.26 to close at Rs 4.74. DG Khan Cement declined by Re 0.74 to close at Rs 31.64 with 11.490 million shares, while Al Abbas Cement increased by Re 0.16 to close at Rs 9.63 with 4.498 million shares. Lotte Pakistan decreased by Re 0.21 to close at Rs 11.10 with 13.207 million shares. Pace (Pak) gained Re 0.20 to close at Rs 5.78 with 9.570 million shares.
Jahangir Siddiqui Co lost Re 0.40 to close at Rs 22.59 with 7.379 million shares. Azgard Nine declined by Re 0.96 to close at Rs 14.72 with 7.245 million shares. Fauji Fertiliser Bin Qasim gained Re 0.17 to close at Rs 32.39 with 6.784 million shares while Engro lost Re 0.51 to close at Rs 192.23 with 4.173 million shares. Lafarge Pakistan decreased by Re 0.46 to close at Rs 4.80 with 5.088 million shares.
The market opened on a positive note and the index hit 10,173.30 points intra-day high, up 35.37 points. However, this momentum could not continue as the investors opted for profit taking.
Trading remained low and the volume at ready counter declined to 148.585 million shares as compared to 211.332 million shares traded Friday. Market capitalisation declined by Rs 21 billion to Rs 2.858 trillion. Of 413 active scrips, 235 closed in negative and 155 in positive, while the value of 23 scrips remained unchanged.
Maple Leaf was the volume leader with 14.311 million shares. However, it lost Re 0.26 to close at Rs 4.74. DG Khan Cement declined by Re 0.74 to close at Rs 31.64 with 11.490 million shares, while Al Abbas Cement increased by Re 0.16 to close at Rs 9.63 with 4.498 million shares. Lotte Pakistan decreased by Re 0.21 to close at Rs 11.10 with 13.207 million shares. Pace (Pak) gained Re 0.20 to close at Rs 5.78 with 9.570 million shares.
Jahangir Siddiqui Co lost Re 0.40 to close at Rs 22.59 with 7.379 million shares. Azgard Nine declined by Re 0.96 to close at Rs 14.72 with 7.245 million shares. Fauji Fertiliser Bin Qasim gained Re 0.17 to close at Rs 32.39 with 6.784 million shares while Engro lost Re 0.51 to close at Rs 192.23 with 4.173 million shares. Lafarge Pakistan decreased by Re 0.46 to close at Rs 4.80 with 5.088 million shares.