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Equities on decline: Index loses 38 Points at Karachi Stock Exchange
Pakistan Times Commerce Desk


KARACHI: The local capital continued to swing above 4200 points mark, due to hectic activity of the bulls and bears, changing positions since Friday.

The market was on recovery path but switched to bearish tone Wednesday, losing 38.29 points to 4239.89 (0.90%). KSE All Shares Index lost 18.97 points to 2685.83 (0.70%). Out of a total of 350 active companies, scrips of 137 posted gains, 163 suffered losses while 50 closed at their opening rates.

A total of 232.421 million shares worth Rs 11.041 billion exchanged hands backed by Rs 901.297 billion market capital. On the future counter, all the 13 active companies suffered losses whereas 93 million shares were traded on the counter. OGDC, PSO, Hubco, FF Bin Qasim and PTCL were the major players on the counter.

Among the highly volatile scrips, Wyeth got Rs 95 at 1545 followed by Bhanero Rs 11.10 up at 165.00. On the negative column, Uni Lever lost Rs 38.90 at 1421 followed by Siemens Engineering Rs 8 down at 380 at the major losers.

Maple Leaf Cement, leading the volume giants with a turnover of 27.68 million shares, closed at Rs 31.25, Fauji Cement ended the day at Rs 10.95, DG Khan Cement 44.35, Hubco 38.80, PIAC 20.40, PSO 275.70, Dewan Motors 33.20, FF Bin Qasim 17.90, Sui Southern 29.10 and Sui Norhtern gas ended at Rs 39.20.

   
 
 
 
 

 

 

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