Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A 'day of mourning' was observed in the city on the call of MQM in protest against killing of its party workers which created security concerns in the city.
On Thursday, the share market investors had welcomed Budget-2013-14 warmly and the KSE-100 Index shot up by 500 points to reach historic high of 22,832.84 points during the intra-day trading. However, it closed at 22,757.72 level. The local bourse opened in green zone, showed positive mood for a short period and witnessed selling pressure due to profit-taking for the rest of the session. It closed on negative note. The volume however showed rise.
Commenting on the market performance Ahsan Mehnati, an analyst at Arif Habib Corp said Pakistan stocks closed bearish amid institutional profit-taking in overbought stocks across the board. "Limited foreign interest, volatile global commodities and economic uncertainty impacted the trend amid security concerns in the city. Trade remained mainly in second and third tier stocks as investor remained cautious despite activity in cement sector stocks after record PSDP allocations in the federal budget," he said.
Market capitalisation closed at Rs 5.459 trillion against Rs 5.511 trillion while trading side witnessed higher-trend and the volume at ready counter stood at 488.489 million shares from previous 470.936 million shares. Out of total 372 active scrips, 144 went up, 206 went down and 22 remained unchanged.
Wyeth Pak and Nestle Pak were the top gainers with share prices increasing by Rs 74.50 and Rs 49.50 to close at Rs 1564.50 and Rs 6649.50, respectively. Shezan Inter and Mithchells Fruit were the top losers with share prices decreasing by Rs 34.24 and Rs 24.40 to close at Rs 650.76 and Rs 542.10, respectively.
Eight companies available in "Top Ten" chart witnessed increase in their share prices while only two companies lost their worth. Fauji Cement succeeded to gain the position of "Volume Leader." It bagged 58 paisa to close at Rs 13.36 on a turnover of 57.342 million shares. On the contrary, B.O. Punjab (R) remained in minus-zone and with a decrease of 55 paisa it closed at Rs 2.89 on 5.154 million shares. Lafarge Pak gained 77 paisa to close at Rs 9.15 on 51.931 million shares.
Maple Leaf Cement increased by 66 paisa to close at Rs 24.70 on some 27.190 million shares. PTCLA fell by 58 paisa to close at Rs 22.92 on 24.250 million shares. Bank Al-Falah gained 77 paisa to close at Rs 18.58 on 22.486 million shares. Jahangir Siddiqui Company gained 13 paisa to close at Rs 14.11 on a turnover of 18.969 million shares. Dewan Cements gained two paisa to close at Rs 8.24 on 18.224 million shares. DGK Cement registered a big jump of Rs 4.11 to close at Rs 88.62 on 15.870 million shares. The last one among the Top Ten was TRG Pakistan which increased by 32 paisa to close at Rs 11.65 on a turnover of 13.226 million shares.