KSE back into red zone

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From International Desk - Special Reports

KARACHI – The Karachi stock market closed lower on Wednesday as cautious investors preferred to book profits, an equity dealer observed here on Wednesday.

The benchmark KSE 100-share index lost 10.21 points or 0.08 percent to stop the day at 13,293.12 points as compared to 13,303 points of the previous session.  Equity dealer at Topline Securities Samar Iqbal said, “With relatively less volumes small capped stocks continued to remain in the limelight as JSCL, TRG, JSBL remained the volume leaders.” KSE Allshare-index shed 2 points or 0.02 percent to end the session at 9,305.31 points, KSE 30-share index fell by 109.94 points or 0.94 percent to finish the day at 11,630.49 points while the KMI 30-share index decreased by 119.13 points or 0.52 percent to conclude the day at 22,700.76 points.  Trade volume soared to 266.068 million shares from the previous 247.813 million shares. Trading took place in 387 companies where gainers outnumbered the loosers by 159 to 137 while the values of 91 stocks remained intact.

Active list was again topped by the Jahangier Siddiqi Company with 30.206 million share, gained 62 paisa as it closed at Rs 18.58, followed by TRG Pakistan Ltd, JS Bank Ltd, NIB Bank Ltd and Bankislami Pakistan with turnover of 27.394 million, 13.959 million, 10.865 million and 9.413 million shares respectively.

Unilever Food XD and Wyeth Pak Ltd were the highest price gainers of the day, increased by Rs 50 and Rs 12.24, while the top losers were led by the Rafhan MaizeXD and UniLever Pak LtdXD, down by Rs 138.72 and Rs 116.78 respectively.

APP adds from Lahore: Lahore Stock Exchange on Tuesday witnessed bullish trend by gaining 65.09 points. The LSE 25-index closed at 3445.17 points. The market’s overall situation, however, did not correspond to an upward trend as it remained at 5.731 million shares to close against previous turnover of 9.674 million shares, showing a downward slide of 3.942 million shares. While out of the total 93 active scrips 31 moved up, 53 remained equal and 9 shed values.

MCB Bank Limited, Engro Corporation Limited and Luckey Cement Limited were major gainers of the day by recording increase in their per share value by Rs 7.19, Rs. 5.06 and Rs 4.17 respectively.

Allied Bank Limited, Fauji Fertilizer Bin Qasim and Summit Bank Limited lost their per share value by Re 0.70, Re 0.36 and Re 0.20 respectively.

The volume leaders of the day included The Bank of Punjab Limited with 987,659 shares, Lafarge Pakistan Cement with 808,367 shares and NIB Bank Limited with 548,797 shares.


Courtesy: Nation

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