KARACHI (December 06 2008): The Karachi share market witnessed a dull session on Friday and KSE-100 index remained unchanged at 9,187.10 points. The trading volume at ready market amounted to 41,700 shares as compared to 917,900 shares traded a day earlier. No trading was witnessed at future market.
Market capitalisation declined by Rs 466 million to Rs 2,817.397 billion. Out of 13 active scrips, four closed in positive and four in negative while the value of five scrips remained unchanged. Haydery Const was volume leader with 10,000 shares. However, it remained unchanged at Rs 1.03. Mian Textile closed at Rs 1.39 without any change with 6,000 shares. Gharibwal Cement gained Re. 0.16 to close at Rs 17.37 with 6,000 shares. Bal Glass remained unchanged at Rs 3.90 with 5,000 shares.
Saritow Spinning gained Re. 0.30 to close at Rs 1.36 with 4,500 shares. Pak Com Leasing closed at Re. 0.55, down by Re. 0.01 with 2,000 shares. Southern Electric remained unchanged at Rs 3.60 with 2,000 shares. Sitara Energy gained Re. 0.14 to close at Rs 20.49 with 2,000 shares. National Assets lost Re. 0.03 to close at Re. 0.40 with 2,000 shares. Chashma Sugar declined by Rs 1.02 to close at Rs 5.78 with 1,500 shares.
Saritow Spinning and Al-Noor Modaraba were the highest gainers and gained Re. 0.30 and Re. 0.25 to close at Rs 1.36 and Rs 3.75 respectively while Pak Datacom and Chashma Sugar were the worst losers and lost Rs 2.19 and Re. 0.92 to close at Rs 49.16 and Rs 5.78 respectively.
Ahsan Mehanti at Shehzad Chamdia Securities said that depressed activity continued as uncertainty increased on force majeure over CFS financing transactions. CFS financiers and financees waited for decision of board of KSE on floor lifting date announcement. Investor remained concerned negative sentiment after IMF declined to allow funding capital market bailout plans.
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