KARACHI: Share prices moved within a short range on Monday before closing on the higher side.

Arif Habib Ltd said the index of representative shares opened in the green zone but the lack of investors’ participation drove it down to the red territory. Investors opted to stay on the sidelines on account of the interest rate decision by the monetary policy committee of the State Bank of Pakistan, which was announced after the end of the trading session.

The trading volume dried up on the mainboard while third-tier companies continued to lead in terms of the number of shares traded.

As a result, the KSE-100 index settled at 38,443.59 points, up 35.61 points or 0.09 per cent from the preceding session.

The overall trading volume decreased 13pc to 81.3 million shares. The traded value went down 20.1pc to $12.2m on a day-on-day basis.

Stocks contributing significantly to the traded volume included Al-Shaheer Corporation Ltd (9.9m shares), TRG Pakistan Ltd (7.8m shares), WorldCall Telecom Ltd (5.9m shares), Ghani Chemical Ltd (5.6m shares) and Pakistan Petroleum Ltd (3.8m shares).

Sectors contributing the most to the index performance were exploration and production (84.6 points), cement (40.2 points), technology and communication (30.9 points), power generation and distribution (20.9 points) and sugar and allied industries (4.1 points).

Companies registering the biggest increases in their share prices in absolute terms were Bhanero Textile Mills Ltd (Rs22.99), the Thal Industries Corporation Ltd (Rs21), Khyber Tobacco Company Ltd (Rs16.76), Siemens Pakistan Engineering Ltd (Rs14.20) and JS Global Capital Ltd (Rs13.97).

Companies that recorded the biggest declines in their share prices in absolute terms were Bata Pakistan Ltd (Rs128.99), Nestle Pakistan Ltd (Rs119.99), Al-Abbas Sugar Mills Ltd (Rs26.62), Colgate-Palmolive Pakistan Ltd (Rs20.78) and Packages Ltd (Rs12.09).

Foreign investors were net buyers as they purchased shares worth $0.51m.

Published in Dawn, January 24th, 2023

Opinion

Editorial

Iran’s counterstrike
Updated 15 Apr, 2024

Iran’s counterstrike

Israel, by attacking Iran’s diplomatic facilities and violating Syrian airspace, is largely responsible for this dangerous situation.
Opposition alliance
15 Apr, 2024

Opposition alliance

AFTER the customary Ramazan interlude, political activity has resumed as usual. A ‘grand’ opposition alliance ...
On the margins
15 Apr, 2024

On the margins

IT appears that we are bent upon taking the majoritarian path. Thus, the promise of respect and equality for the...
Noshki killings
Updated 14 Apr, 2024

Noshki killings

It must be asked why Baloch separatists continue to target civilians as well as security men despite large deployment.
Upholding the law
14 Apr, 2024

Upholding the law

THE recent discord in Bahawalnagar offers a chance to reflect on the sanctity of the law and its enforcement across...
Tragic travels
14 Apr, 2024

Tragic travels

FOR those embarking on road and boat journeys, the probability of fatal accidents has seen a steady rise. The recent...