The day saw the benchmark 100-share index plunged by 104.01 points to 14,513.96 points against 14,617.97 points of Monday. Ahsan Mehanti, Director at Arif Habib Investments Limited., said that the Pakistan stocks closed bearish on investor concerns after allegations by US Secretary of State on presence of terrorist leadership in the country. Total numbers of Shares of 384 companies were traded on Tuesday, and at the end of the day total 160 stocks closed higher, total 160 are declined while 64 remained flat. The overall value of shares traded during the day was Rs 2.262 million. The trading volumes at the ready-counter were recorded lower at 2.262 million shares against 2.544 million shares of the previous day. The trading value increasing to Rs 9.628 billion compared to Rs 9.074 billion of the previous session. The intraday high and low, respectively, stood at 14,685.03 and 14, 489.51 points. Market capitalization declined to 3.705 trillion from 3.730 trillion. “Limited foreign interest, fall in global stocks and commodities on Euro zone debt crises, outstanding circular debt issues in Pakistan energy sector played catalyst role in bearish sentiments amid consolidation in stocks across the board at KSE.” viewed Mehanti. KSE All share-index ended the day at 10,176.50 points, down 69.42 points or 0.68 percent, KSE 30-index stopped the day at 12,673.35 points, decreasing 89.44 points or 0.70 percent while the KMI 30-index slumped by 201.76 points or 0.80 percent to end the day at 25, 019.55. P.T.C.L.A was volume leader of the day, 31.290 million shares and down by Rs 0.07 paisas to close at Rs 16.05 followed by D.G.K Cement, Engro Corporation, Jahangir Siddiqui Company, Fauji Fertilizer, Lotte Pakistan PTA and National Bank of Pakistan with turnover of 26.870 million, 13.700 million and 13.687 million, 7.727 million, 7.456 million and 6.785 million shares respectively. The Unilever Food and Rafhan Maize SPOT, up Rs 142.38 and Rs 137.62, led highest price gainers while, Nestle Pakistan Limited and Unilever Pakistan SPOT, down Rs 96.57 and Rs 52.85 respectively, led the losers.
Bears take Hillary’s cue
