Bears dominate KSE.

KARACHI, September 08, 2009 (Balochistan Times): Selling pressure trimmed values of leading scrips at Karachi Stock Exchange (KSE) Tuesday as 100-Index plunged by 114.30 points to close at 8,821.56, dealers said. The turnover volume was low at 156.563 million shares as prices of 119 scrips record gains and 235 sustained loss while 18 remained unchanged. The market capitalization was eroded by Rs 31.52 billion to Rs 2.572 trillion. A dealer at a leading brokerage house said that selling pressure was on the opening of market and despite some buying market remained weak till the close. Jahangir Siddiqui Co was the volume leader with a turnover of 21.392 million shares followed by Bank of Punjab 12.348 million shares, NBP 11.015 million shares, Nishat Mills 10.829 million shares and PPL 9.227 million shares. NBP closed at 75.23, OGDC 111.98, Nishat Mills 50.44, PPL 220.46, Fauji Cement 8.06, Bank of Punjab 12.80, POL 193.32 and Jahangir Siddiqui 27.03. Siemens Pak recorded the highest increase of Rs 50.88 to 1097.13 followed by Nestle Pak which moved up by 30 to 1090 while Wyeth Pak dipped by 33.20 to 11.80.80 and Unilever Food went down by Rs 19.99 to 1360.01.

(THROUGH ASIA PULSE)