The benchmark raced towards the north and kissed a level of 11,977 level, but soon after selling in various top tier stocks restricted the benchmark movement. Once again volume slide to merely 60 million shares traded with top ten stocks generating 49 per cent of the total volumes. After the result announcement of LUCK, FFC and FFBL investor jubilation has toned down to lower level while stocks which are likely to declare their financial results are still in the limelight. Among the banking stocks, MCB outdid rest of its peers whereas the index heavy weigh OGDC reached a high of Rs154.5 per share, but soon after selling pressure pushed the stock price to close at Rs152.4. We believe the result season may continue to dominate the index performance, said Bilal Asif, Head of Research at HMFS.
KSE 100 index closed at 11874.89 levels with the loss of 8.12 points, while KSE 30 index gained 2.44 points to close at 11172.94 levels. All Share index closed at 8225.97 levels after losing 5.94 points. Total 98 scrips advanced 117 declined and 115 remain unchanged out of total 330 scrips traded.
