KSE witnesses negative trend
Sunday, 18 April 2010
KARACHI, Apr 17 (Business Standard): The Karachi share market Friday witnessed negative trend and the benchmark KSE-100 index that previously stood at 10,677.47 points, shed 18.26 points to close at 10,659.21 points.
The market registered a mixed activity throughout the day with the index oscillating between positive and negative zones, however in the evening the market closed in negative zone.
During the session the index hit 10,720.57 points intra-day high and 10,648.63 points intra-day low levels. Trading activity also shrank and the volumes at ready counter declined to 206.494 million shares as compared to 405.453 million shares traded during the last session.
The overall market capitalisation declined by Rs 4.358 billion to Rs 3.017 trillion as compared to Rs 3.021 trillion a day earlier. Out of the total 385 active scrips, 166 closed in positive, 194 in negative, while the value of 25 scrips remained unchanged.
WorldCall Telecom was the volume leader with 27.59 million shares, closing at Rs 5.11 with a loss of Rs 0.07 per share.
NIB Bank lost Rs 0.27 to close at Rs 5.10 with 11.348 million shares. TRG Pakistan lost Rs 0.22 to close at Rs 5.69 with 10.933 million shares. Similarly, share price of Nimir Industries chemical Limited surged by Rs 0.03 to close at Rs 2.55 with 9.31 million shares. Pace (Pak) lost Rs 0.25 to Rs 6.03 with 8.779 million shares. Fuji Fertiliser Bin Qasim with 8.636 million trading volume decreased by Rs 0.34 to close at Rs 32.47.
The market registered a mixed activity throughout the day with the index oscillating between positive and negative zones, however in the evening the market closed in negative zone.
During the session the index hit 10,720.57 points intra-day high and 10,648.63 points intra-day low levels. Trading activity also shrank and the volumes at ready counter declined to 206.494 million shares as compared to 405.453 million shares traded during the last session.
The overall market capitalisation declined by Rs 4.358 billion to Rs 3.017 trillion as compared to Rs 3.021 trillion a day earlier. Out of the total 385 active scrips, 166 closed in positive, 194 in negative, while the value of 25 scrips remained unchanged.
WorldCall Telecom was the volume leader with 27.59 million shares, closing at Rs 5.11 with a loss of Rs 0.07 per share.
NIB Bank lost Rs 0.27 to close at Rs 5.10 with 11.348 million shares. TRG Pakistan lost Rs 0.22 to close at Rs 5.69 with 10.933 million shares. Similarly, share price of Nimir Industries chemical Limited surged by Rs 0.03 to close at Rs 2.55 with 9.31 million shares. Pace (Pak) lost Rs 0.25 to Rs 6.03 with 8.779 million shares. Fuji Fertiliser Bin Qasim with 8.636 million trading volume decreased by Rs 0.34 to close at Rs 32.47.