KARACHI: The Karachi Stock Exchange Tuesday witnessed a rollercoaster day and closed in negative zone as 100-index shed 17.88 points to drop to 32641.09 level.
The market recorded the highest trading level of 32835.49 points and lowest level of 32616.94 points, with the volume of 53,827,930 shares, having Rs4.8 billion value. As many as 313 companies were active; of which 130 advanced, 163 declined and 20 remained unchanged.
Commercial banks remained the highest traded sector with total volume of 12,887,500 shares, while fertilizer remained second traded sector with a total volume of 9,005,700 shares.
The three top traded companies were TRG Pak Ltd with a volume of 4,883,000 and price per share of 33.90 (-0.09), Pak Elektron with a volume 3,682,000 of price per share of 66.82 (-0.04), and Fauji Fert. XD with a volume 3,432,400 of price per share of 111.50 (-0.96).
The top three gainers were Nestle Pak with price per share 7350 (100), Murree Brewery with price per share of 998.95 (28.95) and Highnoon (Lab) with price per share of 553 (23.01).
The top three losers were Island Textile with price per share of 590.25 (-28.01), Siemens Pak with price per share of 920 (-27.50) and Ferozsons (Lab) per share of 1030 (-25.75).
Earlier, in bid to regain some overnight loses, the Karachi stock gained 67 points to take the tally to 32725.97 level at opening. The stocks witnessed the fluctuation in the trading and lost the early gains but remain in green zone, adding 16.30 points to reach 32675.27 level till midday.
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.
