Saturday, June 20, 2009
KARACHI: The bears has dominated the trading at Karachi Stock Exchange (KSE) Friday as 100-Index lost 12.04 points to close at 7047.64, dealers said.
The turnover volume declined to 96.955 million shares as prices of 98 scrips recorded gains while 131 sustained losses and 27 remained unchanged.
Arif Ali, a dealer at a leading brokerage house said that bears in total control of the market in the first session and Index went below 7000 level.
But some buying started in the second session for a short while and improved prices of leading scrips. However, selling pressure mounted again and off set all the gains and Index closed in the negative zone, he added.
The market capitalization was eroded by about Rs 4.6 billion to Rs 2.088 trillion.
OGDC was the volume leader with a turnover of 12.204 million shares followed by Jahangir Siddiqui Co 9.737 million shares, D G Khan Cement 8.818 million shares, Arif Habib Sec 8.024 million shares and MCB Bank 6.287 million shares.
PTCL closed at 16.53, Arif Habib Sec 28.72, Lucky Cement 57.21, Jahangir Siddiqui Co 24.50, MCB Bank 142.06, D G Khan Cement 27.69, OGDC 75.42 and NBP 64.85.
Nestle Pak recorded the highest gain of Rs 46.25 to close at 971.25 followed by Siemens Pak which moved up by Rs 31 to 1050 while Wyeth Pak dipped by Rs 30 to 1260 and Unilever Pak went down by Rs 22.94 to 1927.06.
(APP)
KARACHI: The bears has dominated the trading at Karachi Stock Exchange (KSE) Friday as 100-Index lost 12.04 points to close at 7047.64, dealers said.
The turnover volume declined to 96.955 million shares as prices of 98 scrips recorded gains while 131 sustained losses and 27 remained unchanged.
Arif Ali, a dealer at a leading brokerage house said that bears in total control of the market in the first session and Index went below 7000 level.
But some buying started in the second session for a short while and improved prices of leading scrips. However, selling pressure mounted again and off set all the gains and Index closed in the negative zone, he added.
The market capitalization was eroded by about Rs 4.6 billion to Rs 2.088 trillion.
OGDC was the volume leader with a turnover of 12.204 million shares followed by Jahangir Siddiqui Co 9.737 million shares, D G Khan Cement 8.818 million shares, Arif Habib Sec 8.024 million shares and MCB Bank 6.287 million shares.
PTCL closed at 16.53, Arif Habib Sec 28.72, Lucky Cement 57.21, Jahangir Siddiqui Co 24.50, MCB Bank 142.06, D G Khan Cement 27.69, OGDC 75.42 and NBP 64.85.
Nestle Pak recorded the highest gain of Rs 46.25 to close at 971.25 followed by Siemens Pak which moved up by Rs 31 to 1050 while Wyeth Pak dipped by Rs 30 to 1260 and Unilever Pak went down by Rs 22.94 to 1927.06.
(APP)
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