The benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to take fresh positions at the local bourses due to weakening economic indicators, depreciating rupee value and declining trend in the international markets", analysts said.
Trading volumes however slightly increased to 1.306 million shares as compared to 0.499 million shares traded on Wednesday. The overall market capitalisation declined by one billion rupees to Rs 2.840 trillion. Out of the total 47 scrips traded on Thursday, six closed in positive and eight in negative while the value of 33 scrips remained unchanged.
UTP-Large Cap, the overall volume leader of the day with 0.616 million shares, however, remained unchanged at Rs 5.50. Southern Electric declined by Re. 0.30 to close at Rs 3.60 with 0.212 million shares. First Fid Leasing lost Re. 0.10 to close at Rs 4.15 with 0.116 million shares. Cherat Cement closed at Rs 15.90 without any change with 64,000 shares. Gharibwal Cement gained Re. 0.59 to close at Rs 18.09 with 29,000 shares.
WorldCall Telecom closed at Rs 7.80 without any change with 61,000 shares. Elite Cap Mod. closed at Rs 3.00 without any change with 52,000 shares. UDL Mod. declined by Re. 0.45 to close at Rs 4.00 with 34,500 shares. Punjab Mod. increased to Re. 0.30 to close at Rs 6.00 with 20,000 shares. Siddiqsons closed at Rs 12.93 without any change with 13,000 shares.
Wah-Noble and Facto Sugar were the highest gainers and gained Rs 2.00 and Re. 1.00 to close at Rs 52.00 and Rs 6.50 respectively while National Foods and Kohinoor Mills were the worst losers and lost Rs 3.62 and Rs 1.09 to close at Rs 68.91 and Rs 20.90 respectively.
Ahsan Mehanti at Shehzad Chamdia Securities said that dull activity witnessed at the share market as SBP initiative to increase liquidity in money market failed to bring liquidity in the capital market. Investors remained concerned over falling rupee value, falling foreign exchange reserves and rising current account deficits and liquidity crunch in capital Markets.
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