KARACHI: Despite losing some early gains, the Karachi Stock Exchange remained in green zone as 100-index added 48.52 points to reach 32871.36 points level till midday on Monday.
The stocks witnessed the highest trading level of 32977.62 points and lowest level of 32803.71 points, with the total volume of 22,768,510 shares, having Rs1,464,945,903.
Earlier, the stocks opened with positive note after Eid holidays as benchmark KSE-100 index gained 153 points to reach 32975.80 points level.
Last week, bearish trend continued to keep the stock market range-bound with KSE-100 index closing at a meager 0.2% WoW amid lackluster volumes mainly due to Eid holidays. Lack of triggers kept market volatile with activity in selective stocks and shaky uptrend, with weekend closing clocking-in at a meager +62pts to 32,823pts. Of the index heavyweights, E&Ps were knocked down by 2.5% due to volatile international crude oil prices (+2.9% WoW to USD 46.5/bbl) and banks by 0.3% WoW amid lack of triggers and absence of value buyers.
