KARACHI: The KMI 30 share index nosedived by 78.86 points to close at 20,761.16 points as against 20,840.02 points, the closing figure of the last trading session.
Market dipped on Thursday on back of plummeted world stocks and over the deteriorating conditions of the city makes investors to remain under cautious mode. Furthermore, tumbled global stocks left foreign investors cautious.
KMI 30 index witnessed some recovery in volume on Thursday 19.476 million shares were traded as compared to 16.810 million shares traded in the last session.
Investors did not opt to take active part in the market despite financial announcement season and activity was seen in second tier stocks.
Limited institutional and foreign interest in market amid uncertain global economic growth also helped market to lost hefty points today.
Lotte Pakistan stood as the volume leader among Halal stocks with 4.931 million shares traded; the script shed Rs 0.07 in value ending the day at Rs 11.69 after opening at Rs 11.76. It was followed by Hub Power Co (HUBCO) with 2.329 million shares traded; the scrip lost Rs 0.04 in value to close at Rs 39.00 after opening at Rs 39.04. Fauji Fertilizer Bin Qasim (FFBL) recorded trade of 2.009 million shares; down by Rs 0.03 to end at Rs 46.07.
Among the Halal Stocks, Ferozsons (Lab) recorded highest price surge as it gained Rs 3.83 to close at Rs 95.00 per share. On the other hand, Unilever Pakistan Ltd lost the most in value as it shed Rs 22.40 in value to end at Rs 5,941.67.
Out of 102 halal stocks listed at KSE, scrips of 87 companies were traded; out of which 23 advanced, 43 went down while 21 stocks remained intact. Major trade was seen in the Chemicals sector (41 percent), Oil & Gas (18 percent), Construction & Material (13 percent) and Electricity (12 percent).
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