KARACHI - Profit-taking was witnessed in stocks across the board after fall in global stocks and limited foreign interest on economic uncertainty.
The benchmark KSE 100-share index shed 325.18 points or 1.44 per cent to end the day at 22216.46 points as compared to 22541.64 points of the last working day on Friday.  An analyst said,
“Trade mainly remained in second and third tier stocks in the post-budget consolidation activity. Concerns for gas shortage for textile and fertilizer sectors and security unrest in the city played a catalyst role in bearish sentiments.”
KSE allshare-index lost 212.21 points or 1.34 percent to end the day at 15658.13 points, KSE 30-share index decreased by 296.81 points or 1.69 percent to conclude the day at 17289.56 points while KMI 30-share index shed 713.13 points or 1.85 percent to stop the day at 37744.51 points.
The day turnover in terms of shares was 377.777 million shares after opening at 488.489 million shares and the value of traded shares reduced to Rs 8.314 billion from Rs 13.263 billion. The capitalization of stock market maintained at Rs 5.386 trillion after opening at Rs 5.459 trillion.
An equity dealer said after a long time big foreign selling on Friday kept market participants skeptical. Continued selling in oil stocks dragged market 325 points down. Heavy weights OGDC and MCB remained the major contributor in the downfall. While cement stocks w also witnessed profit taking.
Trading took place in 357 companies where losers beat the gainers by 214 to 126 while the values of 17 stocks remained intact. Unilever Food was the biggest loser of the day, decreased by 238 to Rs 4726, followed by Colgate Palmolive, down by Rs 94 to Rs 1795. Wyeth Pak Limited and Sanofi-Aventis gained Rs 77.50 to Rs 1642 and Rs 24.14 to Rs 506.97.
B.O.Punjab (R) was the day volume leader with 112.230 million shares as it closed at Rs 3.78 after opening at Rs 2.89. Maple Leaf Cement was on the second position with 24.842 million shares, off by Re 0.50 to Rs 24.20.
It was followed by Fauji Cement with 24.355 million shares, decreased by Rs 0.29 to Rs 13.07, BOP with 18.032 million shares, up by Rs 0.63 to Rs 14.74 and Lafarge Pakistan with 16.080 million shares, lost Re 0.08 to Rs 9.07.