Benchmark index activities further shrink on weekend

LAHORE - Friday, the last trading day of the week, was the fifth consecutive day for benchmark KSE-100 Index when trading activities remained further shrinks. For the whole business session, market remained lacklustre with little trading activity and KSE 100-Index remained unchanged at 9,182.88 points. Turnover of shares increased to 223,400 shares as compared to Thursday 111,100 shares. Only 21 scrips traded in the bourse in which four landed in advance column whereas two companies dipped down while rest of the 15 companies remained unchanged. The LSE-25 closed with a slight change at 2825.36 points gaining 1.75 points while ISE-10 closed at 1710.17 points. Friday's business leaders was Dar-es-Salaam scrip which gained Re 1.00 closed at Rs 4.50 with a volume of 68,000 shares. Sitara Energy whose scrip gained Thursday business, remained unchanged closed at Rs 19.50 with a volume of 36,500. Standard Chart Mod and Jah. Siddi also remained unchanged closed at Rs 8.60 and Rs 96.67 with volumes of 31,500 and 25,000 respectively. Gharibwal Cement like Thursday business also gained today Re 0.70 closed at 17.99 with a volume of 20,000 shares. Tri-Star Power remained unchanged closed at Re 1.64 with a volume of 19,000 shares. Habib ADM Ltd scrip also gained Re 0.35 closed at Rs 8.99 with a volume of 8,000 shares. Arif Habib Bank remained unchanged closed at Rs 10.85 with a volume of 4,000 shares. While Kohinoor Mills shed its value of Re 0.61 closed at Rs 15.25 with a volume of 2,000 shares. Shifa International, Glamour Tex, Sui Northern Gas and Mukhtar Textile remained unchanged closed at Rs 20.05, Rs 9.00, Rs 27.91 and Re 0.53 with volumes of 2,000, 1,500, 1,100 and 1,000 shares respectively. UDL Mod was the second scrip which shed its value Friday trade of Re 0.04 closed at Rs 3.16 with a volume of 1,000 shares. Southern Elect, Silver Star, Zeal Pak and Indus Poly remained unchanged closed at Rs 3.60, Rs 14.70, Rs 1.16 and Re 0.74 with volumes of 1,000, 500, 500 and 500 respectively. While Pak Datacome gained maximum Rs 2.10 closed at Rs 44.20 with a volume of 100 shares. Rest of the scrips Thal Limited and National Food remained unchanged closed at Rs 90.64 and Rs 66.12 respectively with volumes of 100 each. Analysts are of the view that unless removal of floor mechanism and significant interests from financial institutions benchmark KSE-100 index would remained lifeless and flat in the coming days. Meanwhile, the KSE-30 index also remained unchanged and closed at at 10,003.99 points and KMI-30 index also with no change closed at 11224.18 points. ISE closed at 1,710.17 points. While, LSE gained 1.75 points and LSE-25 index closed at 2825.36 points while total turn over however witnessed a historic low of just 500 shares. Only Zelp scrip was traded without any change closed at Rs 1.16 with a volume of 500 shares. No other company gained or dipped while 74 scrips remained equal. Advisor to PM on Finance Shaukat Tarin visited KSE and said that the Karachi Stock Exchange liquidity crunch would end in Nov.

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