KARACHI: The Karachi stock Wednesday opened with positive note, but started sliding till closing at 32500.75 level by shedding 140.32 points on the last trading day before four holidays.
The Karachi Stock Exchange benchmark KSE-100 index recorded the highest trading level of 32706.10 points and lowest level of 32489.58 points, with the volume of 71,791,890 shares, having Rs5.8 billion value. As many as 329 companies were active; of which 117 advanced, 192 declined and 20 remained unchanged.
Commercial banks remained the highest traded sector with total volume of 13,937,500 shares, while oil & gas marketing companies remained second traded sector with a total volume of 11,600,300 shares.
The three top traded companies were Jah.Sidd. Co with a volume of 10,106,500 and price per share of 20.06 (1), Habib Bank with a volume 5,858,600 of price per share of 201.80 (2.65), and Sui North Gas with a volume 5,548,000 of price per share of 24.90 (-1.14).
The top three gainers were Rafhan Maize with price per share 8899.99 (399.99), Island Textile with price per share of 615 (24.75) and Highnoon (Lab) with price per share of 567.45 (22.85).
The top three losers were Colgate PalmoXD with price per share of 1426 (-74), Pak Tobacco with price per share of 931.15 (-38.85) and Siemens Pak per share of 900.80 (-31.87).
Earlier, the stocks opened with positive note, gaining 31.24 points to reach 32672.33 level, with the volume of 6,252,090 shares. Started with positive note, the Karachi Stock Exchange lost 51.13 points to drop to 32589.96 level till midday.
On Tuesday, bear-run continued at the stock market as the benchmark KSE 100-share index lost 17.88 points to close at 32641.09 points. Total volume decreased by 13% to 78m shares, compared to 90b shares of Monday while traded value also decreased by 15% to Rs5.8b. Out of total 325 traded companies in the session, 130 finished in advance, 170 in decline while 25 went unchanged.
