After a strong bullish rally during previous week and on June 29, bears finally had a last laugh on June 30 as stocks at Pakistan's Karachi Stock Exchange (KSE) ended the Financial Year 2008-2009 with a decline in Karachi on June 30.
The market witnessed highly volatile trading session right from the start where the main index touched the intraday highest level of 7,246.37 points during early hours, but from there on a to and fro movement began and the market paid visits to both red and green columns, hitting lowest level of the day at 7,156.15 points right towards the end.
The benchmark KSE 100 Index shed 43.99 points to end at 7,162.18 levels, KSE 30-Index trimmed value by 69.16 points to close at 7,571.08 points, whereas KSE All Share Index declined by 32.87 points to finish the trading day at 5,121.73 levels.
Although, bears took control of the Exchange for the most part of the session, but in the meantime market volumes registered an increase with figures of 100,041,780 shares, which are 4,294,780 shares more as compared with Monday's turnovers of 95,747,000 shares.
On active issues' table a total of 302 scrips remained active during the course of the day, out of which, value of 110 stocks registered an increase, 174 declined, while prices of 18 equities remained unchanged.
Al-Abbas Cement came out as the volumes leader of the day with 16,041,000 turnovers, followed by Pakistan Telecommunication Limited and DGK Cement with 8,558,800 and 5,867,300 volumes respectively.
Source:Xinhua
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