Trading activities also shrank as the daily volumes at ready counter declined to 258.995 million shares as compared to 296.332 million shares traded on Wednesday. The overall market capitalisation declined by Rs 41 billion to Rs 2.804 trillion. Out of the total 391 active scrips, 259 closed in negative and 120 in positive while the value of 12 scrips remained unchanged.
Lotte Pakistan was the volume leader with 47.667 million shares and gained Re 0.67 to close at Rs 10.95. TRG Pakistan increased by Re 0.37 to close at Rs 3.40 with 30.281 million shares. Telecard inched up by Re 0.57 to close at Rs 3.84 with 16.748 million shares. Jahangir Siddiqui Co lost Rs 1.64 to close at Rs 31.32 with 16.732 million shares. Azgard Nine declined by Re 0.41 to close at Rs 22.83 with 12.093 million shares.
WorldCall Telecom gained Re 0.14 to close at Rs 3.99 with 10.633 million shares. Bank Al Falah lost Re 0.40 to close at Rs 13.81 with 8.632 million shares. Nimir Ind Chemical increased by Re 0.21 to close at Rs 2.18 with 7.023 million shares. JOV&Co inched up by Re 0.12 to close at Rs 11.67 with 6.940 million shares. Arif Habib Sec declined by Rs 2.17 to close at Rs 46.42 with 6.803 million shares.
Sanofi-Aventis and Rafhan Maize were the highest gainers and increased by Rs 5.46 and Rs 5.00 to close at Rs 139.71 and Rs 1450.00 respectively while Bata (Pak) Limited and Unilever Pakistan were the worst losers and declined by Rs 27.68 and Rs 9.82 to close at Rs 860.00 and Rs 2,600.01 respectively.
Ahsan Mehanti at Shehzad Chamdia Securities said that the declining trend was witnessed at the local share market as political uncertainty rises after NRO''s detailed judgement issued by the Supreme Court. The investors opted for panic selling on renewed concern over judiciary action on present government ministers. The fall in international oil prices below 78 dollar and fall in global equity markets played a catalyst role in negative activity at KSE, he added.