KSE sheds 18.60 points

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KARACHI - Profit taking was seen at local stock exchanges in the absence of any major news on political and economical front. In line with last few session investors’ interest remained towards small and mid cap cement stocks. FCCL remained the volume leader with 23 million shares exchanged hands, dealers observed here on Wednesday. At local equity market benchmark KSE-100 share index shed by 18.60 points or 0.11 percent to finish the day at 16,233.19 points as compared to 16,251.79 points of the previous day.

KSE-Allshare index gained 6.19 points or 0.05 percent to end the day at 11,438.71 points, KSE-30 share index decreased by 35.57 points or 0.27 percent to close the day at 13,201.18 points while KMI-30 share index lost 102.39 points or 0.36 percent to conclude the session at 28,215.63 points.  Market traded 205.299 million shares after opening at 330.346 million shares and the value of traded shares was minimised to Rs 3.563 billion from Rs 6.673 billion. Stock capitalisation settled at Rs 4.061 trillion after opening at 4.062 trillion.

Trading took place in 370 companies where 179 closed in positive and 163 in negative while the value of 28 stocks remained intact. Island Textile was the top price gainer of the day up by Rs 34.36 to Rs 721.70 while the top losers were led by Bata (Pak) XD down by Rs 27.50 to Rs 1352.50.

KESC was the volume leader of the day with 36.529 million shares as it closed at Rs 6.16 after opening at Rs 5.65. Fauji Cement was on the second position with 23.695 million shares shed by Re 0.07 to Rs 6.70.

It was followed JS Company with 12.298 million, Maple Leaf Cement with 9.255 million, Azgard Nine with 9.093 million, Byco Petroleum with 7.669 million, WorlldCall Telecom with 7.184 million, JS Bank Limited with 4.902 million, Quice Food with 4.628 million and Kohinoor Limited with 4.187 million shares respectively.


Courtesy: The Nation

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