KARACHI: The bearish note became further severe till midday as the Karachi Stock Exchange benchmark KSE-100 index dipped 0.75 per cent, dropping 246.95 points to reach 32862.59 points on Friday.
The market recorded the highest trading level of 33176.72 points and lowest level of 32818.20 points, with the volume of 45,094,410 shares, having almost Rs5 billion value. As many as 261 companies were active; of which 95 advanced, 145 declined and 21 remained unchanged.
Technology & communication remained the highest traded sector with total volume of 21,942,000 shares, while commercial banks remained second traded sector with a total volume of 12,994,000 shares.
The three top traded companies were Habib Bank with a volume of 6,457,100 and price per share of 208.32 (-10.96), Pak Int.Bulk with a volume 4,516,000 of price per share of 29.48 (0.78), and B.O.Punjab with a volume 3,898,500 of price per share of 9.16 (-0.23).
The top three gainers were Murree Brewery with price per share 1025 (40.80), Mari Petroleum with price per share of 712.90 (33.83) and Exide (PAK) with price per share of 979 (23).
The top three losers were Nestle Pak with price per share of 7000.11 (-89.89), Indus Dyeing with price per share of 1005 (-40) and Island Textile per share of 650.01 (-16.74).
Earlier, after two-day’s bullish note, the stocks again went to negative zone as the Karachi Stock Exchange lost 187.59 points to drop to 32921.95 level in early trading.
On Thursday, buying in the oil sector pushed the benchmark KSE-100 index above the 33,000 psychological barrier. Trading session on Thursday witnessed 226 advancers with 20 companies hitting the upper lock price. KSE-100 index gained 394.94 points to close at 33,109.54. The market volumes remained a cause of concern and fell to 142.183 million, contracting 4.58%.
