LAHORE: The benchmark index closed lower by -0.04 per cent shedding -17.80 points on the last day of the week. The KMI 30 index gained +127.59 points (+0.18 per cent) while the KSE All Share Index lost -7.21 points (-0.02 per cent) since the last close. The advancers to decliners ratio stood at 146 to 153 respectively while 14 scripts remained unchanged.
The market volumes remained lacklustre with only 106.12 million shares traded for the day. K-Electric for the third day in a row (KEL; +6.00 per cent) dominated the volumes with around 26 million shares exchanging hands. Excitement continued following the media discussion by Governor Sindh regarding the takeover of management control of K-Electric by Chinese. Azgard Nine Limited (ANL; +3.23 per cent) ranked second on the chart with a volume of 9.47 million shares traded, followed by Bank of Punjab (BOP; -0.72 per cent) at 5.31 million shares.
Overall Food and Personal Care sector lead the decline going south by -3.34 per cent and cement by -0.63 per cent, while all major heavyweight banks were also down namely MCB (-0.23 per cent), HBL (-0.47 per cent), UBL (-1.81 per cent) etc.
Securities and Exchange Commission of Pakistan (SECP) chairman visited Pakistan Stock Exchange office to meet the brokerage community. SECP chairman on the occasion took into account the issues which the TREC holders communicated and assured that these would be resolved on an urgent basis.
