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Suicide attacks in Lahore and Nowshera depress trading at KSE


KARACHI: The suicide attacks in Lahore and Nowshera triggered panic selling in the second session of trading at Karachi Stock Exchange (KSE) Friday as 100-Index lost 35.65 points to close at 7056.31, dealers said.
The turnover volume reached 125.791 million shares as prices of 139 scrips recorded gains while 141 sustained losses and 19 remained unchanged.
A dealer at a leading brokerage house said that market was bullish in the first session and Index climbed up by 100 points, but the news about suicide bombing triggered panic selling in the second session and market closed in negative zone. The market capitalization was eroded by about Rs 18 billion to Rs 2.082 trillion.
Jahangir Siddiqui Co was the volume leader with a turnover of 18.146 million shares followed by D G Khan Cement 15.179 million shares, Nishat Mills 8.269 million shares, Arif Habib Sec 5.566 million shares and Azgard Nine Ltd 5.157 million shares.
MCB Bank closed at 148.57, Arif Habib Sec 27.45, Lucky Cement 57.24, Adamjee Insurance 85.88, Jahangir Siddiqui Co 25.27, D G Khan Cement 28.37 and Nishat Mill 40.87.
Unilever Pak recorded the highest gain of Rs 49.96 to close at 2000 followed by ICI Pak which moved up by Rs 5.61 to 150.25 while Nestle Pak dipped by Rs 35 to 925 and Pak Services went down by Rs 8.07 to 153.43.
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