Karachi share market Tuesday witnessed another bear-run as the benchmark-100 index lost 162.63 points to close at 18,361.87 points against 18,524.50 points Monday. Commenting on the market performance, Mujtaba Barakzai, an analyst at JS Global said the KSE-100 index closed down 0.9 percent, on the back of across-the-board profit taking.
He said investors offloaded positions on political uncertainty and removal of SECP Chairman by the Supreme Court. Banking heavyweights MCB +1.9 percent and UBL +1.7 percent were favoured by foreign investors with volumes of 0.5 million and 1.3 million shares.
"Attock Group stocks witnessed massive battering due to lower than consensus result announcements. POL announced 9MFY13 EPS of Rs 36.46 and closed down 3.4 percent. ATRL with 9MFY13 EPS Rs 37.94 closed down 5 percent. That said the cement sector witnessed some activity in the first half with rumours of foreign buying," Mujtaba added. Following the negative trend, market capitalisation also remained under pressure and with a decrease of Rs 46.88 billion, it closed at Rs 4.499 trillion from Rs 4.546 trillion. The trading side witnessed higher trend and the turnover closed up at 184.366 million against 152.701 million shares.
Of the total 350 active scrips, 236 went down, 91 went up and that of 23 remained unchanged. Murree Brewery and Colgate Palmolive were the top gainers with Rs 10.50 and Rs 10.00 to close at Rs 220.51 and Rs 1960.00, respectively. Unilever Food XD, Wyeth Pak Ltd XD were the top losers with Rs 213.41 and Rs 33.06 to close at Rs 4800.00 and Rs 1154.00, respectively. Eight companies available in "Top Ten" chart shed weight while only two scrips witnessed increase.
TRG Pakistan succeeded to gain the position of "Volume Leader." With an increase of 31 paisa, it closed at Rs 8.32 with a turnover of some 24 million shares. Pak Elektron lost 44 paisa to close at Rs 11.60 on some 19.17 million shares. Maple Leaf Cement fell by 19 paisa to close at Rs 17.39 with a volume of some 16.38 million shares. Engro Corporation remained low by Rs 3.46 to close at Rs 130.54 on some 8.38 million shares while PIAC (A) witnessed increase of 54 paisa to close at Rs 6.66 on some 7.21 million shares and DGK Cement shed Re1.24 to close at Rs 70.03 on some 6.06 million shares.
Lafarge Pakistan XD decreased by 30 paisa to close at Rs 5.97 on some 5.04 million turnover. Fauji Cement also remained under pressure and with a low of 17 paisa, it closed at Rs 8.31 on some 4.45 million shares. Lotte PakPTA followed suit and lost 4 paisa to close at Rs 7.06 on some 3.86 million shares. Last one among the Top 10 was PTCLA which lost Re1, to close at Rs 19.17 with a turnover of some 3.78 million shares.
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