The day saw the trading volumes at the ready-counter were recorded lower by 2.759 billion to Rs 6.336 billion against 9.093 billion. The benchmark 100-share index decreasing by 16.31 points to 13, 559.10 from 13,575.41 of Wednesday. Ahsan Mehanti, Director at Arif Habib Investments Limited, said that the Stocks closed lower at KSE after SECP chair confirms delay in revised CGT regime on legal issues. Total numbers of Shares of 427 companies were traded on Thursday, and at the end of the day total 123 stocks closed higher, total 198 were declined while 106 remained flat. The overall value of shares traded during the day was Rs3.445 billion.
He added, “Fall in global stocks and commodities on growth worries across the globe and limited foreign interest played a catalyst role in bearish sentiments at KSE.” The trading volumes at the ready-counter were recorded lower at 3.445 million shares against 4.502 million shares of the previous day. The trading value decreasing to Rs 6.336 billion compared to Rs 9.093 billion of the previous session. The intraday high and low, respectively, stood at 13,641.89 and 13, 468.25 points. Market capitalization declined to 3.477 trillion from 3.484 trillion. Institutional interest remained in blue-chip banks, fertilizer and energy stocks ahead of the quarter end supported the market despite concerns for law & order during strike call in the city, viewed Mehanti.
KSE All share-index ended the day at 9,510.53 points, down 15.25 points or 0.16 percent, KSE 30-index stopped the day at 11,938.11 points, increasing 34.34 points or 0.29 percent while the KMI 30-index slumped by 24.45 points or 0.11 percent to end the day at 23, 189.41. The Lafarge Pakistan was volume leader of the day, 50.196 million shares and gained Rs 0.42 to close at Rs 4.38, followed by Jahangir Siddiqui Company, Pace Pakistan Limited, Bank of Punjab and National Bank XDXB with turnover of 25.417 million, 23.680 million, 20.482 million and 16.683 million shares respectively. The Sapphire Fiber and Gatron Industries, up Rs 5.53 and Rs 3.82, led highest price gainers while, UniLever
Pakistan LimitedXD and Bata Pakistan Limited, down Rs 109.84 and Rs 28.10 respectively, led the losers.
Bears halt bull surge, index down 16.31 points
