KSE loses another 205 points amid global sell-off


KARACHI - Stocks fell across the board amid thin trade on concerns for falling global commodities and stocks.
At Karachi stock market benchmark KSE-100 share index shed 205.30 points or 1.46 to finish the day at 13,857.78 points as compared to t he 14,063.08 points of the previous session.
Equity dealer at Topline Securities Samar Iqbal said huge fall in international markets affected Karachi exchange also. Across the board selling was seen as more than 200 companies’ shares price fell. DGKC with volume of 12.6million shares closed at its 5pc lower circuit breaker. Investors booked profits due to fear that bearish trend in global markets may result in more foreign selling.
KSE-Allshare index off 137.90 points or 1.40 percent to end the day at 9,737.79 points, KSE-30 share index misplaced 293.38 points or 2.39 percent to stop the day at 11,980.80 points while KMI-30 share index vanished 471.79 points or 1.94 percent to close the day at 23,865.64 level.
Expert said institutional profit-taking, limited foreign interest, cautious trade ahead of federal budget announcement due next month and concerns for rising current account deficit played a catalyst role in bearish sentiments at KSE despite hopes for improvement in Pak-US relations on resumption of NATO supplies.
Market traded 175.707 million shares after opening at 143.055 million shares and the value of traded shares was Rs 5.160 billion.
Trading took place in 340 stocks where loser held a strong lead over the gainers 202 to 76 while the values of 62 stocks unchanged. 
Lotte PakPTA was the top traded company of the day with 22.379 million shares as it close at Rs 8.25 after opening at Rs 9.23 off Re 0.98. PTCLA was on the second position with 16.409 million shares lost Re 0.1 to lock at Rs 15.49. It was followed by JSCo with 16.351 million shares added Re 0.63 to end at Rs 16.57, DGK Cement with 12.691 million shares decreased Rs 2.01 to stop at Rs 40.49 and Bankislami Pakistan with 8.569 million shares up Re 0.88 to conclude at Rs 10.83.
Colgate Palmolive and Bata (Pak) XD were the top traded company of the day increased by Rs 20.00 and 12.49 while the top losers were led by Unilever FoodXD and UniLever PakXD decreased by Rs 115.00 and Rs 57.00 respectively.

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