Trading volume at ready counter slightly declined to 192.042 million shares as compared to 194.855 million shares traded on Friday. Market capitalisation declined to Rs 19 billion to Rs 2.603 trillion. Of 375 active scrips, 211 closed in negative and 155 in positive while the value of 9 scrips remained unchanged.
OGDC was the volume leader with 16.309 million shares. However it lost Rs 2.38 to close at Rs 112.63. PPL increased by Rs 4.33 to close at Rs 217.50 with 9.865 million shares. POL declined by Rs 1.44 to close at Rs 199.66 with 9.166 million shares. D G Khan Cement and Lucky Cement lost Re 0.83 and Re 0.16 to close at Rs 34.06 and Rs 72.94 with 15.925 million shares and 7.332 million shares respectively. Bank Al Falah and NBP decreased by Re 0.69 and Re 0.16 to close at Rs 12.31 and Rs 77.17 with 14.279 million shares and 12.261 million shares respectively.
Nishat Mills surged by Rs 2.40 to close at Rs 50.95 with 10.253 million shares. Azgard Nine increased by Re 0.37 to close at Rs 28.72 with 9.939 million shares. PTCL lost Re 0.12 to close at Rs 21.24 with 7.980 million shares.
Fazal Textile and Lakson Tobacco were the highest gainers and gained Rs 16.41 and Rs 8.89 to close at Rs 488.56 and Rs 186.86 respectively, while Pak Engineering and Treet Corporation were the worst losers and lost Rs 10.88 and Rs 10.00 to close at Rs 206.77 and Rs 390.00 respectively.
Ahsan Mehanti at Shehzad Chamdia Securities said that selling activity was witnessed in oil exploration, cements and banking sector scrips on falling international oil prices, global equity market correction, penalty on cement cartels by CCP and higher NPLs in the banking sector.
The investors preferred booking profit in overbought market after result announcement sessions near its end. The ADB warning for partial loan cancellation on slow progress in power transmission projects in Pakistan was taken negative for overall economic growth also encourage investors for profit taking.