Trade volumes fell 61% to an appalling 39 million shares compared with Wednesday’s tally of 101 million shares.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index eased 0.05 per cent or 7.19 points to end at the 14,170.91 point level.
In the latest developments, US Secretary of State Hillary Clinton apologised over last year’s deadly air attacks on a military check post at Salala while Nato supply routes have also been opened.
Engro Corporation also witnessed some buying after news that a dedicated gas field may be provided to its new plant, said Topline Securities Equity Dealer Samar Iqbal.
The cement sector yet again remained in the limelight as better than expected dispatches were recorded in June. The top two traded share
were from the cement industry. The oil sector also witnessed a late session rally as international oil prices rose.
For the fourth consecutive session, foreign institutional investors were net buyers of Rs32 million worth of shares, according to data maintained by the National Clearing Company of Pakistan Limited.
Shares of 329 companies were traded on Tuesday. At the end of the day 113 stocks closed higher, 128 declined while 88 remained unchanged. The value of shares traded during the day was Rs1.7 billion.
DG Khan Cement was the volume leader for the second consecutive trading session with 6.7 million shares gaining Rs0.7to finish at Rs41.7. It was followed by Lafarge Pakistan with 2.4 million shares declining Rs0.06 to close at Rs4.5 and Jahangir Siddiqui and Company with 2.1 million shares falling Rs0.2 to close at Rs13.1.
Published in The Express Tribune, July 6th, 2012.
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