KARACHI (November 26 2008): The Karachi share market witnessed another dull session on Tuesday with very thin trading activity, and KSE-100 index stayed unchanged at 9,187.10 points. The ready market volume amounted to 44,600 shares as compared to 146,700 shares traded a day earlier. No trading was witnessed at the futures counter.
Out of 14 active scrips, three closed in positive and two in negative while the value of nine scrips remained unchanged. Pak Com Leasing was volume leader with 23,000 shares. However, it remained unchanged at Re. 0.55. National Assets gained Re. 0.06 to close at Re. 0.47 with 9,000 shares trading. Escorts Bank remained unchanged at Rs 8.40 with 3,000 shares. Millat Tractors closed at Rs 163.92 without any change with 3,000 shares.
Thatta Cement remained unchanged at Rs 16.00 with 2,000 shares. UDL Modaraba closed at Rs 3.06, down by Re. 0.01 with 1,000 shares. Dewan Auto Engg closed at Rs 1.45 without any change with 1,000 shares. Askari Bank remained unchanged at Rs 27.98 with 500 shares.
JS Bank closed at Rs 10.00 without any change with 500 shares. Gharibwal Cement gained Re. 0.62 to close at Rs 17.99 with 500 shares. Pak Datacom and Gharibwal Cement were the highest gainers and gained Rs 2.20 and Re. 0.62 to close at Rs 47.20 and Rs 17.99 respectively while Southern Electric and UDL Modaraba were the lowest losers and lost Re. 0.03 and Re. 0.01 to close at Rs 3.60 and Rs 3.06 respectively.
Ahsan Mehanti at Shehzad Chamdia Securities said that depressed activity persisted at the share market. Investors remained cautious as uncertainty remained over foreign selling in capital markets after IMF assistance to rescue Pakistan approved. SBP tight monetary policy stance and liquidity crunch in capital markets remained a concern for long term investors.
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