KSE 100 Index loses 165.65 points on Friday

Business — By PakistanTalk on May 2, 2008 at 9:16 pm

KARACHI, May 2: Selling pressure persisted at Karachi Stock Exchange as its 100 Index shed another 165.65 points to close at 14956.82 on Friday, said a dealer.

Mohammad Hasnain, associated with a local brokerage house said uncertain political situation had its across the board repercussion on the local bourse.

Lackluster approach was registered in both the sessions of the week end market activity with turn over volume slipped by 18 million shares with 201 million compared to previous 219 million shares.

Prices of 205 scrips sustained loss, 129 posted gain and 18 remained unchanged.

Market capitalization also depreciated by Rs.49 billion with Rs.4.585 billion as against the previous Rs.4.585 billion.

B.O.Punjab XB was the volume leader with 19.688 million shares, Pak PTA Ltd with 18.191 million shares, Bank AlFalah XDXB with 10.698 million shares, Nishat Mills 10.478 million shares and MCB Bank with 9.560 million shares.

Siemens Pakistan was the lead gainer with Rs.35 to close at 1685 and Shezan International with Rs.18.27 to close at Rs.383.67.

UniLever was the major loser with Rs.59.99 to close at Rs.2400 and EFU General Ins XDXB with Rs.33.50 to close at Rs.636.50.