Index down 28.28 points

The KSE-100 index on Monday lost 28.28 points to close at 12,318.24 points with low volume. The market opened on a positive note and the index hit 12,432.55 points intra-day high. However, the index dropped into negative at 12,289.10 points intra-day low level due to selling after mid-session.
Trading remained low and the volume at ready counter declined to 57.341 million shares as compared to 69.234 million shares traded on last Friday. Market capitalisation declined by Rs 8 billion to Rs 3.242 trillion. Of 326 active scrips, 159 closed in negative and 81 in positive, while the values of 86 stocks remained unchanged.
Fauji Fertiliser Co was the volume leader with 8.249 million shares and surged by Rs 8.13 to close at Rs 171.96. Fauji Fertiliser Bin Qasim increased by Re 0.32 to close at Rs 47.33 with 6.209 million shares. Fatima Fertiliser Co gained Re 0.41 to close at Rs 16.82 with 3.168 million shares.
NIB Bank (R) lost Re 0.08 to close at Re 0.03 with 3.850 million shares. NIB Bank inched up by Re 0.01 to close at Rs 1.49 with 3.392 million shares. PTCL declined by Re 0.26 to close at Rs 12.82 with 2.667 million shares.
Arif Habib Corp gained Re 0.62 to close at Rs 26.91 with 2.471 million shares. POL surged by Rs 3.70 to close at Rs 384.07 with 1.807 million shares. Jahangir Siddiqui Co declined by Re 0.11 to close at Rs 7.34 with 1.776 million shares. Attock Refinery lost Rs 3.03 to close at Rs 125.76 with 1.770 million shares.
Al-Ghazi Tractors and Indus Dyeing were highest gainers increasing by Rs 9.12 and Rs 8.33 to close at Rs 242.06 and Rs 339.38 respectively, while Nestle Pakistan and Rafhan Maize were worst losers declining by Rs 160.90 and Rs 81.59 to close at Rs 4234.90 and Rs 2513.66 respectively.
Ahsan Mehanti at Arif Habib Investments said that bearish trend was witnessed at Karachi share market after global capital markets and commodity prices fell on concerns for US and Europe government debt crises. He said that the trade remained thin on limited investor attendance after holy night of Shab-i-Barat.
"The rising local urea, cement and higher local fuel prices invited institutional and foreign interest in blue chip commodity scrips despite concerns for violence erupting in Karachi", he added.