KARACHI - At Karachi stock market bench mark KSE-100 share index fell 219.40 points to finish the day 13,077.72 points as compared to the 13,297.12 points of last working day on Friday.

Sammar Iqbal equity dealer at Karachi stock market said, rumours about some delay in the implementation of CGT reforms coupled with closure of Engro’s new plant resulted in across the board selling at local exchanges.

Engro Corp closed at 5pc lower limit while JSCL also closed down after gaining in previous few sessions. Due to this correction volumes remained relatively lower at 256 million shares or Rs.4.6 billion, she added.

KSE-Allshare index lost 161.42 points or 1.37 percent to end the day at 9149.44 points, KSE-30 share index down 164.04 points or 1.40 percent to conclude the day at 11557.20 points while the KMI-30 share index shed 248.98 points or 1.10 percent to close the day at 22467.99 points.

Market traded 256.860 million shares after opening at 426.213 million shares. Trading took place in 384 companies where loser held a strong lead over the loser 234 to 77 while the values of 73 stocks remained intact. 

Jahangir Siddiqi Company was the top traded company of the day with 21.331 million shares as it closed at Rs 17.39 after opening at Rs 18.39, followed by Lafarge Pakistan, Dewan Cement, KESC and JS Bank Limited with turnover of 17.654 million, 17.309 million, 11.805 million and 10.250 million shares respectively.

Siemens Pakistan and UniLever Pak LimitedSPOT were the highest price gainers of the day increased by Rs 35.89 and Rs 34.90 respectively while top losers were led by Nestle Pakistan SPOT and Rafhan Maize SPOT decreased by Rs 137.83 and Rs 89.34.