KSE index plunges 237.95 points
Wednesday, 19 May 2010
KARACHI, May 18 (Business Recorder): The KSE-100 index Monday plunged by 237.95 points to close at 10,033.76 points level due to investors concerns over the bearish trend in regional markets and declining oil prices in the international market.
The foreign selling in some major stocks and budget related uncertainty forced the investors to offload their holdings, analysts said. After opening on a negative note, the index hit 10,024.30 points intra-day low level.
Trading activities also remained low with a total volume at ready counter of 73.623 million shares. The overall market capitalisation declined by Rs 67 billion to stand at Rs 2.831 trillion. Out of the total 410 active scrips, 315 closed in negative and only 83 in positive while the value of 12 scrips remained unchanged.
Lotte Pakistan was the volume leader with 7.078 million shares, however lost Re 0.44 to close at Rs 10.24. In the banking sector, SilkBank, BoP and NBP declined by Re 0.13, Re 1.00 and Rs 3.09 to close at Rs 3.26, Rs 15.07 and Rs 67.47 with 5.539 million shares, 4.029 million shares and 2.303 million shares respectively.
The foreign selling in some major stocks and budget related uncertainty forced the investors to offload their holdings, analysts said. After opening on a negative note, the index hit 10,024.30 points intra-day low level.
Trading activities also remained low with a total volume at ready counter of 73.623 million shares. The overall market capitalisation declined by Rs 67 billion to stand at Rs 2.831 trillion. Out of the total 410 active scrips, 315 closed in negative and only 83 in positive while the value of 12 scrips remained unchanged.
Lotte Pakistan was the volume leader with 7.078 million shares, however lost Re 0.44 to close at Rs 10.24. In the banking sector, SilkBank, BoP and NBP declined by Re 0.13, Re 1.00 and Rs 3.09 to close at Rs 3.26, Rs 15.07 and Rs 67.47 with 5.539 million shares, 4.029 million shares and 2.303 million shares respectively.