KARACHI: Panic selling eroded values of leading scrips at Karachi Stock Exchange (KSE) as 100-Index lost 139.85 points to close at 7,062.25, dealers said. The turnover volume was also low at 123.539 million shares asprices of 224 scrips sustained losses and 86 advanced while 17remained unchanged. The market was highly volatile as it witnessed a couple of ups and downs during the entire trading before settling in the negative zone. The Index went up to 7300 level on some buying, but then slipped on mounting selling pressure and closed in the negative zone, he added. The market capitalization was also eroded by about Rs 40.23billion to Rs 2.105 trillion. Bank Al-Falah was the volume leader with a turnover of 12.289million shares followed by Jahangir Siddiqui Co 10.648 million shares, NBP 7.371 million shares, FFBL 6.807 million shares and OGDC 6.014million shares. NBP closed at 72.17, MCB Bank 159.82, Jahangir Siddiqui Co 28.38,OGDC 72.98, Pak PTA 3, FFBL 18.13,UBL 46.46 and Bosicor Pakistan 6.99. Unilever Pak recorded the highest gain of Rs 19.42 to close at1970 followed by Treet Corp which moved up by Rs 7.64 to 160.44 while Bata Pak dipped by Rs 15.20 to 762.63 and Hinopak Motor went down by Rs 8.70 to 165.44.
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