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Home Breaking News

Closing: KSE surrenders 30,000-plus level, plunges 411 points in 3 days

byShahid Imran
16/10/2014
in Breaking News, Latest News, Markets, Slider News, Stock Exchange
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KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 138.54 points to reach 29982.45 points and volume of 80,322,100 shares on Thursday.

Earlier, benchmark KSE 100-index took a good start in a bid to recoup losses of the last two days and gained 66.73 points or 0.22 per cent to reach 30187.72 till 10:00am. In midday trading, market shed 50.02 points to reach 30070.97 with the volume of 3,462,250,361 shares.

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Trade in and out of Afghanistan from Pakistan appeared to be flowing as normal, however, with traffic at the Torkham border crossing apparently undisturbed,  despite the historic detonation roughly 50 kilometres away. / AFP PHOTO / ABDUL MAJEED        (Photo credit should read ABDUL MAJEED/AFP via Getty Images)

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The highest increase witnessed in price of the Bata (Pak) with price per share 3706.50 (176.50), Exide (PAK) with price per share of 1160.79 (55.27) and Siemens Pakistan share of 1125.96 (53.61), while the Colgate Palmolive with price per share of 1451.00 (-39.00), Philip Morris Pak. with price per share of 825.73 (-23.77) and Atlas Battery per share of 695.31 (-17.74) remained the biggest losers of the day.

As a whole 30.86 per cent of companies witnessed increase in their shares while 30.03 per cent lost their share value and 3.30 per cent companies remained stable.

High and Low were 30195.69 and 29943.67 respectively. Total volume traded in the market was 80,322,100 shares with 321 total traded companies out of which 187 were up, 182 were down and 20 were unchanged.

Tags: 100-indexBata (Pak) LimitedBhanero Tex and Wyeth Pak Limited Pakistani RupeebrecorderCommerce MinistryCustomD.G.K CementFatima Fertilizer CoFBRFinance MinistryFinancial IndexinvestmentKarachi Stock Exchange-100 IndexKSEmarketmonetary policyP.T.C.L.APace (Pak) LtdPakistan Budget 2014-2015Pakistan Custom’sPakistan Tehreek-e-Insaaf (PTI) chairmanprivatisationsharesstockstax lawyersthe Pak ServicesTrade Statistics and analysis

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