RECORDER REPORT

KARACHI: Following institutional profit-taking, the benchmark KSE-100 index plunged by 250.11 points or 0.78 percent Wednesday to close at 31,756.29 points against 32,006.40 Tuesday.

According to analysts, institutional profit-taking was witnessed in the overbought market amid concerns for rising receivables in energy sector. They said trade remained high despite weak sentiments on suspension of a major broker. Limited foreign interest and rising political noise ahead of PTI’s November 30 protest call played a catalytic role in bearish activity at KSE.

The KSE-100 index opened at 32006.40 points and hit 32,226.77points intra-day high, up by 220.37 points. It closed at 31,756.29 points with a loss of 250.11 points.

Trading took place in 396 scrips, of which 101 closed in positive and 277 with minus signs. The value of 18 scrips remained unchanged.

Jah.Sidd.Co emerged the volume leader with 29.83 million shares, gaining Re. 0.70 to close at Rs. 15.29. Engro Fertilize Ltd stood second, up Re. 0.70 to close at Rs. 66.04 on 15.17 million shares. Maple Leaf Cement closed at Rs. 34.60, up Re. 0.08 on14.125 million shares.

Pak Int.Bulk gained Re 0.47 to close at Rs 25.51 with 13.53 million shares. D.G.K. Cement XD lost Rs 1.40 to close at Rs 90.72 with 13.09 million shares. B.O.Punjab plummeted by Re 0.31 to close at Rs 8.44 with 10.29 million shares.

Engro Corp closed at Rs 209.55, down Rs 2.47 with 9.041 million shares. Adamjee Ins also lost Re 0.08 to close at Rs 49.23 with 8.7 million shares. Lafarge Pak closed at Rs 16.13, down Re 0.23, with 7.13 million shares. P.T.C.L lost Re 0.11 to close at Rs 21.70 with 7.12 million shares.

Murree BreweryXD and Siemens Pakistan were the top gainers with Rs 57.88 and Rs 47.51 to close at Rs 1215.50 and Rs 1269.27, respectively. Rafhan Maize and Exide (PAK) were the worst losers with Rs 280 and Rs 104.62 to close at Rs 10,100 and Rs 1,987.94 respectively.