Stocks fell on institutional profit taking in selected stocks across the board. Last day of the market, that gained 49% in 2013, witnessed a lackluster activity. At local equity market, the bench mark KSE 100-share index shed 22.82 points or 0.09 percent to end the day at 25261.14 points as compared to 25283.96 points of the previous day. Analyst said falling foreign exchange reserves, rising circular debt in energy sector impacted the sentiments despite expectations for rising textile and cement exports next year. Limited foreign interest and impact of gas shortfall for industrial sector played a catalyst role in bearish activity at KSE. KSE allshare-index lost 3.18 points or 0.02 percent to close the day at 18664.04 points, KSE 30-share index shed 55.45 points or 0.29 percent to close the day at 18808.86 points while KMI 30-share index decreased by 111.57 points or 0.26 percent to conclude the day at 42431.05 points. The day turnover of market in term of shares was 160.633 million after opening at 194.459 million shares and the value of traded shares reduced to Rs 4.654 billion from Rs 5.850 billion . Capitalization of the market maintained at Rs 6.056 trillion as compared to Rs 6.057 trillion of a day earlier. Market participant said investors’ focus remained on low price shares like FCCL, PTC, ANL, BOP and BAFL. Buying was witnessed on dip in PTC as few investors expect the ongoing rifts between ICH members to be settled smoothly. Moreover, with expectation of impressive dividend in upcoming result, healthy participation was seen in FCCL as well. During the session 403 companies exchanged their hands where 236 closed in positive and 146 in negative while the values of 21 stocks remained intact. Rafhan Maize was the top gainer of the day, increased by Rs 167.38 to Rs 8067.38 , followed by Sanofi-Aventis, up by Rs 36.53 to Rs 767.28 . Island Textile and Nestle Pak were the top losers of the day, decreased by Rs 59.75 to Rs 1135.25 and Rs 50 to Rs 7550 . Fauji Cement topped the active list with 9.320 million shares, shed Re 0.24 to Rs 15.95 . Azgard Nine was on the second position with 9.049 million shares, off by Re 0.19 to 7.14. It was followed by PTCLA with 7.418 million shares, grew by Re 0.05 to Rs 28.44 , BOP with 6.826 million shares, higher by Re 0.21 to Rs 11.02 and Bank Al-Falah with 6.484 million shares, marginally off by Re 0.01 to Rs 27.04 .
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