Local bourse fell by another 1 per cent on Wednesday amid decline in international equity and currency markets due to ongoing Syrian crisis. Volumes in rupee terms surged by 42 per cent to Rs.9.75b.
The benchmark KSE 100-share index shed 287.38 points or 1.28 percent to close the day at 22236.33 points as compared to 22523.71 points of the previous day. Dealer at Topline Samar Iqbal said that towards the end of the session Kot Addu Power company announced its June-end result. The stock announced 45% cash dividend with EPS 8.35. Index heavy weights MCB and PSO contributed heavily to the decline.
On the contrary, Kohinoor Energy closed at upper circuit breaker after announcing healthy payout of 30%. Bank of Punjab continued to remain the most active scrip followed by Fauji Cement and JSCL. BOP witnessed 38m shares volume with 4% decline.
Fauji cement declined by 1.6% with 26m shares exchanging hands. JSCL closed 4.7% down with a volume of 12.3mn shares.KSE allshare-index lost 200.22 points or 1.24 percent to end the day at 15960.56 points, KSE 30-share index shed 191 points or 1.09 percent to finish the day at 17289.23 points while KMI 30-share index decreased by 532.90 points or 1.38 percent to end the session at 38133.24 points. Market traded 265.077m shares after opening at 187.593 million shares and the value of traded shares climbed to Rs 9.745 billion from Rs 6.855 billion. The capitalization of the market maintained at Rs 5.493 trillion after opening at Rs 5.564 trillion.
Shares of 352 companies were traded on Wednesday where losers beat the gainers by 280 to 60 while the values of 12 stocks remained intact. Downhill trend was led by Rafhan MaizeSPOT, decreased by Rs 250 to Rs 4750, followed by Nestle Pak, down by Rs 110 to Rs 5890.
Wyeth Pak Limited and Khyber Tobacco were the biggest price gainers of the day, up by Rs 21.92 to Rs 2801.92 and Rs 9.81 to Rs 206.01. Active list was again topped by BOP with 38.436 million shares as it closed at Rs 11.99 after opening at Rs 12.49. Fauji Cement was on the second position with 26.332 million shares, shed Re 0.19 to Rs 14.10. JS Company was on the second position with 12.266 million shares, off by Re 0.47 to Rs 10.76, Sui South Gas with 9.726 million shares, grew by Re 0.40 to Rs 24.77 and P.T.CL.A XD with 9.596 million shares, decreased by Re 0.71 to Rs 24.26.