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KSE witnesses fluctuation, remains in green zone till midday

byMatiur Rehman
22/12/2015
in Markets, Stock Exchange
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KARACHI: The stocks witnessed the fluctuation in the trading on Tuesday and lost the early gains but remain in green zone, adding 16.30 points to reach 32675.27 level till midday.

The market recorded the highest trading level of 32835.49 points and lowest level of 32658.97 points, with the volume of 31,046,270 shares, having Rs2.9 billion value. As many as 259 companies were active; of which 117 advanced, 128 declined and 14 remained unchanged.

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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 TRG Pak Ltd with a volume of 3,169,500 and price per share of 34.08 (0.09), Fauji Fert. XD with a volume 2,890,700 of price per share of 111.45 (-1.01), and Sui North Gas with a volume 1,933,000 of price per share of 26.00 (-0.75).

The top three gainers were Murree Brewery with price per share 998.95 (28.95), AKD CapitalXD with price per share of 396 (18.57) and Cherat Pack with price per share of 309 (14.71).

The top three losers were Bata (Pak) XD with price per share of 3113.63 (-163.87), Ferozsons (Lab) with price per share of 1013 (-42.75) and Island Textile per share of 590.25 (-28.01).

Earlier, in bid to regain some overnight loses, the Karachi stock gained 67 points to take the tally to 32725.97 level at opening.

On Monday, the benchmark KSE 100-share index declined by 118 points (0.4%) to close at 32,658.97 points. Lack of direction in international oil prices kept investors vary of oil stocks. As a result, OGDC, PPL and POL declined 0.7-1.3%. NML declined 2.3% and NCL was 1.9% down. Stocks like FFBL, EFERT and FFC declined by 0.1-1%. Total volume decreased by 3.6% to 90m shares while traded value decreased by 30% to Rs6.9b.

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