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Sunday, 23 December 2012

STOCK MARKET UPDATE: 24.12.2012



STOCKS
Karachi Stocks Down 42.68 Points:
KARACHI, Dec 21: At the close of trading, the KSE-100 index was at 16865.34, down 42.68 points.
 (Today Market is 11.30 Down@ 10.52am)

December 21, 2012
 5 TOP GAINERS  &  LOOSERS:

Rafhan Mize
Rs 150.00
PICT
Rs (12.24)
Colgate Palmolive
Rs 69.47
Exide Pak
Rs (9.99)
Unilever Food
Rs 50.00
Attock Petroleum
Rs (5.23)
Bata Pak
Rs 34.00
MCB Bank
Rs (4.73)
Mithchells Fruit
Rs 12.19
IGI Insurance
Rs (2.96)
KSE 100-share index ends lower
KARACHI: The Karachi Stock Exchange's (KSE) benchmark100-share index ended 0.25 percent, or 42.68 points, lower at 16,865.34.
Stocks closed lower on Friday amid concern over the falling rupee.
Recent cuts in policy rate were in line with market expectations but failed to overcome investors' concerns over the falling rupee.
Stocks that ended positively included TRG Pakistan, which rose 12.33 percent, or 0.62 rupees, to 5.65 per share and Dewan Cement, which was up 5.89 percent, or 0.29 rupees, to 5.21 per share.
Stocks that fell included Byco Petroleum, down 2.19 percent to 12.07 per share, and Fauji Cement, which fell 0.62 percent to 6.40 per share.
In the currency market, the rupee weakened, closing at 97.49/97.54 against the dollar, compared to Thursday's close of 97.36/97.39.
Overnight rates in the money market remained flat at 9.40percent. (REUTERS)

MOHAMMED SALEEM MANSOORI

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