by Rs 0.67 at Rs 22.01 on 8.85 million shares. According to Ahsan Mehanti, director at Arif Habib Corporations, "Stocks closed bearish after major fall in international oil prices to 4 year low weakening earnings outlook in blue chip oil stocks expected to incur inventory losses. Higher DAP sales data for Oct '14, Record low CPI data expected for Nov'14, Institutional interest in Power sector expected to benefit from lower furnace oil prices failed to impact to sentiments ahead of protest rally called in by PTI."
The overall market capitalization down by Rs 54.79 billion to Rs 7.152 trillion against Rs 7.207 trillion observed on last trading day.
Colgate Palmolive and Service Industries remained the top gainer by Rs 83 and Rs 44.50 to close at Rs 1,783 and Rs 989.53 respectively, while Wyeth Pakistan and Nestle Pakistan were the major loser which lost Rs 208.76 and Rs 150 to close at Rs 3,966.49 and Rs 8,450 respectively.