KSE index sheds 35 points on profit-taking

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KARACHI - Investors booked profits at Karachi Stock Exchange ahead of year-end close. Mixed activity witnessed on the death anniversary of PPP leader. At local equity market benchmark KSE-100 share index misplaced 35.02 points or 0.21 percent to conclude the day’s trading at 16,892.32 points.

Dealers said with holiday season continuing investors preferred to book some profit. Once again investors’ preference remained small capped like BYCO,FCCL and PIAA while dull activity was seen in large cap stocks. It is expected that volumes will improve with the beginning of New Year.

KSE-Allshare index down by 15.22 points or 0.13 percent to close the day at 11,961.32 points , KSE-30 share index shed by 13.70 points or 0.10 percent to finish the day at 13,765.32 points while KMI-30 share index decreased by 55.09 points or 0.19 percent to stop the day at 29,097.90 points.

The day turnover of stock market settled at 151.903 million shares after opening at 113.199 million shares and the trading value of shares minimised to Rs 2.868 billion from Rs 3.022 billion. At the end the session stock capitalisation matured at Rs 4.241 trillion.

Trading took place in 355 companies where 195 stocks closed in negative and 124 in positive while the value of 36 stocks remained intact. Nestle Pakistan was the biggest price gainer of the day up by Rs 50 to Rs 4900 followed by Indus Dyeing higher by Rs 29 to Rs 629. Bata (Pak) and Sanofi-Aventis Pak were the top losers of the day down by  Rs 40 to Rs 1320 and Rs 13.57 to Rs 375 respectively.

In the top ten scrips, Byco Petroleum was the volume leader of the day with 24.045 million shares as it closed at Rs 13.22 to Rs 12.26 enlarged by Re 0.96. It was followed by KESC with 12.835 million, Fauji Cement with 11.910 million, PIAC(A) with 11.355 million, Wateen Telecom Ltd with 5.880 million, TRG Pakistan Ltd with 5.501 million, Nishat (Chunain) with 5.190 million, Pak Elektron Ltd with 4.433 million, JS Co with 3.721 million and Fatima Fertilizer Co with 3.615 million shares respectively.


Courtesy: The Nation

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