KARACHI: The Karachi Stock Exchange benchmark 100-index lost 417.57 points or 1.22 percent to reach 33786.42 points and volume of 212,571,220 shares on Thursday.
Snapping the minor gain of 5.48 points or 0.02 percent during early trade, the benchmark KSE-100 Index plummeted to 33841.81 points by losing 362.18 or 1.06 percent till mid trading.
Falling international oil prices, mid earnings season consolidation and uncertainty in global stock and commodities played a catalyst role in bearish activity at the market.
Earlier, the index had soared to 34209.47 points with a minor positive change of 5.48 points. Bears had dominated the stock for three consecutive days as the Karachi Stock Exchange ended 0.7pc lower at 34,204 points level. Stocks battered at KSE led by oil, fertilizer and cement scrips on institutional profit taking.
The High and Low were 34237.20 and 33493.52 points with total trade volume of 212,571,220.
Meanwhile, highest increase was recorded in the shares of Nestle Pak which rose by Rs200.00 to Rs10800.00 per share, followed by Colgate Palmolive that appreciated by Rs87.50 to Rs1848 per share.
The three top traded companies were Jah.Sidd. Co. with a volume of 41,889,000 and price per share of 23.02 (0.42), Pak Elektron with a volume 23,919,000 of price per share of 58.35 (0.22), P.I.A.C.(A) with a volume 11,165,500 of price per share of 9.13 (1.00).
The top three advancers were Rafhan Maize with price per share 11200.00 (100.00), Indus Dyeing with price per share of 964.89 (44.90) and Honda Atlas Cars share of 213.26 (10.15).
