KARACHI: Bearish trend continued in the Karachi Stock Exchange on Monday as KSE-100 index lost 90.28 points to drop to 34336.47 points level.
The market recorded the highest trading level of 34459.34 points and lowest level of 34310.74 points, with the total volume of 129,512,790 shares, having Rs6,131,218,266 value. Out of total 334 companies, 101 were up, 207 were down and 26 were unchanged.
Real Estate Investment and Services was the top traded sector with total traded volume of 28,139,500 (19.6%) shares. It was followed by chemicals with a total traded volume of 22,005,500 (15.3%) .
The three top traded companies were Sui South Gas with a volume of 30,755,500 and price per share of 41.45 (1.63), K-Electric Ltd. with a volume 26,559,500 of price per share of 8.02 (0.10), Descon Oxychem(R) with a volume 22,784,000 of price per share of 1.26 (0.41).
The top three advancers were Fauji Cement with price per share 7.52 (0.13) and 26847500 shares; Telecard Limited with price per share of 2.77 (0.34) and 11461500 shares; and Jah.Sidd. Co. share of 16.00 (0.31) and 8422500.
The top three decliners were UniLever Pak with price per share of 9949.99 (49.99) and 20 shares volume, Siemens Pakistan XD with price per share of 618.50 (0.22) and 50 shares volume, and Shield Corporation per share of 129.00 (-2.00) and 100 shares volume.
Earlier, the stocks remained in negative zone as KSE-100 index shed 15.76 points to reach 34410.99 level till midday.
Last week, the KSE-100 shares Index gained 165.14 points, or 0.48 percent to close at 34,426.75 points. Foreign portfolio investment eased net outflows of $10 million in the week as compared to the outflows of $20 million last week. Average daily turnover improved by 13 percent to 187 million shares a day.
On a sector-wise basis, electricity led the increase, contributing 51 percent to the index gains. Top gainers on the benchmark KSE-100 Index included TRG Pakistan, up 15.1 percent that rallied on the rumours of high valuations of its subsidiary and Pakgen Power, up 10.5 percent on account of revised tariff for coal conversion.
