AGL 40.40 Increased By ▲ 0.20 (0.5%)
AIRLINK 129.25 Increased By ▲ 0.14 (0.11%)
BOP 6.81 Increased By ▲ 0.21 (3.18%)
CNERGY 4.13 Increased By ▲ 0.10 (2.48%)
DCL 8.73 Increased By ▲ 0.28 (3.31%)
DFML 41.40 Increased By ▲ 0.15 (0.36%)
DGKC 87.75 Increased By ▲ 0.75 (0.86%)
FCCL 33.85 Increased By ▲ 0.50 (1.5%)
FFBL 66.40 Increased By ▲ 0.50 (0.76%)
FFL 10.69 Increased By ▲ 0.15 (1.42%)
HUBC 113.51 Increased By ▲ 2.81 (2.54%)
HUMNL 15.65 Increased By ▲ 0.42 (2.76%)
KEL 4.87 Increased By ▲ 0.09 (1.88%)
KOSM 7.62 Decreased By ▼ -0.21 (-2.68%)
MLCF 43.10 Increased By ▲ 1.20 (2.86%)
NBP 61.50 Increased By ▲ 1.00 (1.65%)
OGDC 192.20 Increased By ▲ 9.40 (5.14%)
PAEL 27.05 Increased By ▲ 1.69 (6.66%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 150.50 Increased By ▲ 2.69 (1.82%)
PRL 24.96 Increased By ▲ 0.40 (1.63%)
PTC 16.25 Increased By ▲ 0.01 (0.06%)
SEARL 71.30 Increased By ▲ 0.80 (1.13%)
TELE 7.25 Decreased By ▼ -0.05 (-0.68%)
TOMCL 36.29 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.05 Increased By ▲ 0.20 (2.55%)
TREET 16.30 Increased By ▲ 1.00 (6.54%)
TRG 51.56 Decreased By ▼ -0.14 (-0.27%)
UNITY 27.35 No Change ▼ 0.00 (0%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,967 Increased By 125.2 (1.27%)
BR30 30,751 Increased By 714.7 (2.38%)
KSE100 93,292 Increased By 771.2 (0.83%)
KSE30 29,017 Increased By 230.5 (0.8%)

Indian share prices plunged almost two percent Wednesday as funds sold shares on a growing perception that interest rate hikes by the US Federal Reserve may slow world economic growth, dealers said.
The Mumbai stock exchange's 30-share Sensex fell 151.19 points or 1.86 percent to close at 7,971.06. Turnover was moderate at 37.15 billion rupees (848 million dollars) as 2,204 stocks declined and 237 gained.
"The market fell largely due to regional weakness triggered by rate concerns in the United States and a slowdown in foreign fund buying," said Hemen Kapadia, partner at investment advisory firm, Morpheus Inc.
He said the market was likely to fall further in the next few days. "We expect a fall of another 150 to 200 points in the Sensex."
"Foreign funds have been selling stocks in the last few days and repatriating dollars out of the system which is making the rupee fall," a foreign exchange dealer said.
Wipro, the country's third largest software exporter, fell 4.60 rupees or 1.23 percent to 368.70 despite the company posting a 16 percent jump in net profit for the second-quarter ended September 30.
Net profit for the three months to September rose to 4.8 billion rupees (106.6 million dollars) from 4.1 billion rupees a year ago while revenues jumped 27 percent to 25.1 billion rupees.
Other technology shares also fell. Infosys Technologies, the company's second largest software exporter, ended down 31.15 rupees or 1.23 percent to 2,499.75.
Hero Honda, fell 28.80 rupees or 4.02 percent to 687.75 while generic drug maker Cipla, fell 14.05 rupees or 2.54 percent to 382.35.

Copyright Agence France-Presse, 2005

Comments

Comments are closed.