The day saw the benchmark 100-share index decreasing by 28072 points to 13,770.71 points against 13,799.43 points of last week. Ahsan Mehanti, Director at Arif Habib Investments Limited., said that the Pakistan Stocks closed lower amid thin trade after institutional profit-taking in banking stocks on SBP raise of minimum rate to 6pc on deposits in the policy announcement on April13.
Total numbers of Shares of 360 companies were traded on first working day of the week Monday, and at the end of the day total 141stocks closed higher, total 143 are declined while 76 remained flat. The overall value of shares traded during the day was Rs 2.610 billion. The trading volumes at the ready-counter were recorded lower at 261.021 million shares against 380.025 million shares of the previous week. The trading value decreasing to Rs 6.234 billion compared to Rs 8.859 billion of the previous session. The intraday high and low, respectively, stood at 13,822.94 and 13, 571.81 points. Market capitalization declined to 3.531 trillion from 3.537 trillion. The index recovered from days low on investor interest in bluechip fertilizer and oil sector stocks on strong valuations in the quarter end earnings announcement session at KSE, viewed Mehanti. KSE All share-index ended the day at 9,679.91 points, down 15.63 points or 0.91 percent, KSE 30-index stopped the day at 12, 085.60 points, down 20.16 points or 0.17 percent while the KMI 30-index slumped by 216.55 points or 0.91 percent to end the day at 23, 917.37. He added that the Uncertainty in global stocks and commodities on europe debt crises kept foreign interest on lower side.
Jahangir Siddiqui Company was volume leader of the day, 28.789 million shares and loose Rs 1.02 to close at Rs 17.79, followed by Fauji Cement, Dewan Cement, D.G.K Cement and Lafarge Pakistan with turnover of Rs 25.499 million, Rs 19.506 million, Rs 16.738 million and 14.376 million shares respectively. The UniLever Pakistan Limited XD and Colgate Palmolive, up Rs 48.76 and Rs 35.60, led highest price gainers while, Nestle Pakistan XD and Bata Pakistan XD, down Rs 74.11 and Rs 13.74 respectively, led the losers.