KSE PLUNGES FURTHER BY 276 POINTS

Posted on April 27, 2009

Panic selling pulled down prices of leading scrips at Karachi Stock Exchange (KSE) as 100-Index plummeted by 275.93 points to close at 7,344.94, dealers said. The turnover volume was low at 137.505 million shares as prices of 266 scrips sustained losses and 56 advanced while 11 remained unchanged. The market capitalization was eroded by about Rs 82 billion to Rs2.191 trillion. Lucky Cement was the volume leader with a turnover of 8.172million shares followed by OGDC 7.266 million shares, TRG Pakistan6.728 million shares, NBP 5.669 million shares and NIB Bank 5.667million shares. NBP closed at 72.66, Lucky Cement 57.68, Jahangir Siddiqui Co34.57, Bank Al Falah 13.13, OGDC 71.85, PPL 179.10, Pak Reinsurance54.67 and TRG Pakistan 1.78. Indus Motors recorded the highest gain of Rs 6.42 to close at134.84 followed by Atlas Battery which went up by Rs 5.64 to 118.51while Unilever Food dipped by Rs 70 to 1341 and Wyeth Pak went down by Rs 67.37 to 1316.63.