Karachi, October 02, 2012 (PPI-OT): Market closed at a bearish note on Monday on the back of record attrition in CPI figures (lowest in 33 months!) for the month of September which saw investors showing considerable interest in highly leveraged and high dividend yielding stocks.
According to Taurus Securities Limited, the index gained 115 points to end the day at 15,560 on the back of 136m shares traded. Activity was mainly concentrated in Construction and Materials, Commercial Banks and Fixed Line Telecommunication sectors. The top gainers according to Index points were NESTLE, OGDC and ULEVER; likewise the top decliners were UBL, MCB and RMPL.
Taurus Securities Limited recommends investors to Hold.