The day saw the benchmark 100-share index plunged by 123.22 points to 13,693.74 points against 13,816.96 points of Wednesday.
Ahsan Mehanti, Director at Arif Habib Investments Limited., said that the Pakistan Stocks closed lower on institutional profittaking in stocks across the board in the quarter end earnings announcement session at KSE.
Total numbers of Shares of 360 companies were traded on Thursday, and at the end of the day total 92 stocks closed higher, total 212 are declined while 56 remained flat. The overall value of shares traded during the day was Rs3.405 billion.
He added that the Concerns over balance of payments pressure on Pakistan economy indicated by ADB Report and uncertainty in global stocks and commodities kept volumes on lower side. The trading volumes at the ready-counter were recorded lower at 3.405 million shares against 5.112 million shares of the previous day. The trading value decreasing to Rs 7.067 billion compared to Rs 9.093 billion of the previous session. The intraday high and low, respectively, stood at 13,828.17 and 13, 598.30 points. Market capitalization declined to 3.515 trillion from 3.550 trillion.
“Investors remained cautious ahead of SBP key policy rate announcement due tomorrow.” viewed Mehanti. KSE All share-index ended the day at 9,632.68 points, down 93.89 points or 0.97 percent, KSE 30-index stopped the day at 11,931.00 points, decreasing 132.72 points or 1.10 percent while the KMI 30-index slumped by 304.62 points or 1.28 percent to end the day at 23, 408.38.
Fauji Cement was volume leader of the day, 30.143 million shares and down by Rs 0.46 to close at Rs 6.69 followed by Jahangir Siddiqui Company, D.G.K Cement, Azgard Nine, Lafarge Pakistan, Dewan Cement and Dewan Salman with turnover of 27.845 million, 21.512 million and 18.585 million, 17.966 million, 17.558 million and 12.570 million shares respectively. The Nestle Pakistan XD and Island Textile, up Rs 70.08 and Rs 7.92, led highest price gainers while, Sanofi-Aventis SPOT and EFU General Insurance XD, down Rs 9.38 and Rs 4.41 respectively, led the losers.
