KARACHI (APP) - The unending selling pressure further eroded values of leading scrips at Karachi Stock Exchange (KSE) Thursday as 100-Index lost 111.80 points to close at 6,878.14, dealers said.
The turnover volume was low at 93.595 million shares as prices of only 79 scrips recorded gains while 210 sustained losses and 14 remained unchanged.
A dealer at a leading brokerage house said that market opened on a positive note and 100-Index climbed to above 7000 level on fresh buying. However, bears entered the market and pulled down prices by heaving selling and Index went below 6900 level. The market capitalisation eroded by about Rs 32 billion to Rs 2.040 trillion.
Jahangir Siddiqui Co was the volume leader with a turnover of 12.081 million shares followed by Pak PTA 5.877 million shares, NBP 4.795 million shares, Dewan Cement 4.615 million shares and D G Khan Cement 4.505 million shares.
MCB Bank closed at 142.42, Adamjee Insurance 82.73, Saudi Pak Bank 6.88, Pak PTA 3.10, Jahangir Siddiqui Co 24, D G Khan Cement 23, OGDC 74.31 and NBP 62.76.
Siemens Pak recorded the highest gain of Rs 14 to close at 984 followed by Dreamworld which moved up by Rs 11 to 245 while Nestle Pak dipped by Rs 48.58 to 923.17 and Treet Corp went down by Rs 12.25 to 232.75.
Meanwhile, Lahore stock market on Thursday witnessed bearish trend as LSE-25 Index lost 35.73 points to close at 2023.36 points as against 2059.09 points on Wednesday. Total turnover also decreased to 9.076 million on the day against 12.397 million shares on Wednesday.
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