KARACHI: The Karachi Stock Exchange benchmark KSE-100 index Wednesday up by 0.50 per cent by adding 162.21 points to reach 32629.25 points as positive news is expected from Sindh on Rangers redeployment.
The market recorded the highest trading level of 32736.13 points and lowest level of 32467.04 points, with the volume of 44,093,040 shares, having Rs3.43 billion value. As many as 261 companies were active; of which 151 advanced, 93 declined and 17 remained unchanged.
Oil & gas marketing companies remained the highest traded sector with total volume of 14,372,500 shares, while oil & gas exploration companies remained second traded sector with a total volume of 8,154,700 shares.
Despite cut in share prices, the three top traded companies were Sui North Gas with a volume of 6,313,500 and price per share of 26.45 (-1.08), Sui South Gas with a volume 6,265,500 of price per share of 39.50 (-1.50) TRG Pak Ltd with a volume 5,238,000 of price per share of 33.80 (-0.53).
The top three gainers were Shezan Inter with price per share 661.50 (31.50), Colgate PalmoXD with price per share of 1500 (19) and Pak Suzuki with price per share of 484 (16.66).
The top three losers were Atlas BatteryXD with price per share of 770 (-20), Pak TobaccoXD with price per share of 1010.10 (-9) and Abbott Lab per share of 650 (-9.08).
Earlier, the stocks again started with positive note as KSE gained 153.45 points to reach 32620.49 level with the volume of 7,377,070 shares in early trading.
On Tuesday, the KSE-100 index witnessed heavy buying in the first half of the day where KSE-100 index touched 32,994.96 (+237.14 points). However all gains were wiped off after the uproar in Sindh Assembly on Rangers issue and the KSE-100 index closed at 32,467.04 (-290.78 points). The market volumes remained constant at 145.50 million, a raise of only 0.68% from last session as investors waited for FED’s decision over interest rates.
