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ISLAMABAD, Dec. 22 (Xinhua) -- The Pakistan Stock Exchange (PSX) fell for second consecutive day on Thursday as investors continued booking profits at higher levels in the top players like Habib Bank Limited (HBL), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company (OGDC).
The Pakistan Stock Exchanges benchmark KSE 100-Index declined by 0.62 percent or 293.53 points to 46,699.78 points on Thursday when compared with 46,993.31 points posted on Wednesday.
The KSE All-Share Index deflated by 0.44 percent or 141.06 points to 31,761.74 points, the KSE 30-Index plunged by 1 percent or 255.02 points to 25,237.94 points, the KMI 30-Index slumped by 0.7 percent or 561.02 points to 79,728.55 points, whereas the Islamic All-Share Index slipped by 0.6 percent or 133.84 points to 22,081.64 points.
During Thursdays trading session, the main index moved in a broader range of 538.54 points as it touched an intraday high of 47,202.75 points as against an intraday low of 46,664.21 points.
A major chunk of the profit-taking was witnessed in Habib Bank, Pakistan Petroleum Limited, and Oil and Gas Development Company which together contributed 189 points to the overall index decline.
The Pakistan International Bulk Terminal Limited (PIBTL) closed at its lower limit of 5 percent and led the top traded companies with turnovers of 35 million shares after the companys Board of Directors approved an incremental cost of approximately 31 million U.S. dollars for the right shares and future projects.
Maple Leaf Cement (MLCF) announced in a notice at the PSX that it has received Thursday power generation license from the National Electric Power Regulatory Authority (NEPRA) for its coal-fired power plant. Following the announcement, the stock price made early gains but closed down by 0.9 percent due to the overall profit-taking spree.
Market volumes depleted by 30.40 percent or 118.138 million shares to 270.429 million shares on Thursday when compared with 388.567 million shares posted on Wednesday.
Market capitalization shrank by 0.44 percent or 41.358 billion rupees (393.888 million U.S. dollars) to 9.312 trillion rupees (88.687 billion dollars) whereas trade value trimmed down by 38.98 percent or 8.347 billion rupees (79.5 million dollars) to 13.069 billion rupees (124.471 million dollars).
Among 404 active scrips on Thursday, prices of 255 issues ended lower, 128 finished higher, whereas values of 21 other companies faced the stalemate.
Pakistan International Bulk Terminal Limited, Dost Steels Limited, and Engro Polymer were the top traded companies with turnovers of 35.245 million shares, 16.832 million shares, and 15.637 million shares, respectively.
Pakistan Tobacco was the top price gainer with an increment of 50.05 rupees (47.66 cents) to 1,115.05 rupees (10.62 dollars) while on the other hand, Wyeth Pakistan Limited led the major price shedders with a decrement of 76.73 rupees (73.07 cents) to 4,654.44 rupees (44.33 dollars). Enditem
