KSE index loses 22.72 points
Thursday, 28 January 2010
KARACHI, Jan 27 (Business Recorder): The KSE-100 index Tuesday lost 22.72 points to close at 9,666.48 points level due to investors' concerns over the prevailing political situation in the country.
The market opened on a positive note and the index hit 9,753.74 points intra-day high level, up 64.54 points, on the back of expectations over positive outcome in the Friends of Democratic Pakistan (FoDP).
However, after mid-session the market witnessed declining trend to drop the index at closing level. Trading activities slightly improved as the volumes at ready counter increased to 161.799 million shares as compared to 161.232 million shares traded Monday.
The overall market capitalisation declined by Rs 7 billion to Rs 2.782 trillion. Out of the total 378 active scrips, 221 closed in negative and 144 in positive while the value of 13 scrips remained unchanged.
Fauji Fertiliser Bin Qasim was the volume leader with 48.734 million shares and gained Re. 0.11 to close at Rs 32.35. Lotte Pakistan lost Re. 0.28 to close at Rs 11.09 with 17.061 million shares. Nishat Mills declined by Re. 0.39 to close at Rs 63.13 with 7.615 million shares.
TRG Pakistan increased by Re. 0.07 to close at Rs 3.17 with 7.214 million shares. Byco Petroleum gained Re. 1.00 to close at Rs 15.03 with 5.368 million shares. WorldCall Telecom lost Re. 0.12 to close at Rs 4.05 with 5.250 million shares. Fauji Fertiliser Co surged by Rs 1.22 to close at Rs 108.92 with 4.417 million shares. Jahangir Siddiqui Co lost Re. 0.34 to close at Rs 29.52 with 4.389 million shares.
PTCL inched up by Re. 0.01 to close at Rs 19.27 with 4.081 million shares. KESC lost Re. 0.28 to close at Rs 2.79 with 3.622 million shares. Rafhan Maize and Unilever Pakistan were the highest gainers and increased by Rs 47.00 and Rs 25.00 to close at Rs 1499.00 and Rs 2650.00 respectively while Hinopak Motor and Wyeth Pak were the worst losers and declined by Rs 9.91 and Rs 8.75 to close at Rs 192.50 and Rs 1221.25 respectively.
Hasnain Asghar Ali at Aziz Fidahusein Co said that the local bourse continued to stay in an indecisive mood. Marketing of positive expectations from FoDP conference through various modes did invite technical recovery and the index gradually gained momentum. The low turnover price inflation in main board did offer trading opportunities to day-traders.
The market opened on a positive note and the index hit 9,753.74 points intra-day high level, up 64.54 points, on the back of expectations over positive outcome in the Friends of Democratic Pakistan (FoDP).
However, after mid-session the market witnessed declining trend to drop the index at closing level. Trading activities slightly improved as the volumes at ready counter increased to 161.799 million shares as compared to 161.232 million shares traded Monday.
The overall market capitalisation declined by Rs 7 billion to Rs 2.782 trillion. Out of the total 378 active scrips, 221 closed in negative and 144 in positive while the value of 13 scrips remained unchanged.
Fauji Fertiliser Bin Qasim was the volume leader with 48.734 million shares and gained Re. 0.11 to close at Rs 32.35. Lotte Pakistan lost Re. 0.28 to close at Rs 11.09 with 17.061 million shares. Nishat Mills declined by Re. 0.39 to close at Rs 63.13 with 7.615 million shares.
TRG Pakistan increased by Re. 0.07 to close at Rs 3.17 with 7.214 million shares. Byco Petroleum gained Re. 1.00 to close at Rs 15.03 with 5.368 million shares. WorldCall Telecom lost Re. 0.12 to close at Rs 4.05 with 5.250 million shares. Fauji Fertiliser Co surged by Rs 1.22 to close at Rs 108.92 with 4.417 million shares. Jahangir Siddiqui Co lost Re. 0.34 to close at Rs 29.52 with 4.389 million shares.
PTCL inched up by Re. 0.01 to close at Rs 19.27 with 4.081 million shares. KESC lost Re. 0.28 to close at Rs 2.79 with 3.622 million shares. Rafhan Maize and Unilever Pakistan were the highest gainers and increased by Rs 47.00 and Rs 25.00 to close at Rs 1499.00 and Rs 2650.00 respectively while Hinopak Motor and Wyeth Pak were the worst losers and declined by Rs 9.91 and Rs 8.75 to close at Rs 192.50 and Rs 1221.25 respectively.
Hasnain Asghar Ali at Aziz Fidahusein Co said that the local bourse continued to stay in an indecisive mood. Marketing of positive expectations from FoDP conference through various modes did invite technical recovery and the index gradually gained momentum. The low turnover price inflation in main board did offer trading opportunities to day-traders.