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KSE slides by another 183pts to reach 32785 till midday

byMatiur Rehman
07/01/2016
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange Thursday remained in negative zone shedding 183.24 points to reach 32785 level till midday.

The stocks recorded the highest trading level of 32969.03 points and lowest level of 32729.89 points, with the volume of 62,737,240 shares, having over Rs5.21 billion value. As many as 270 companies were active; of which 89 advanced, 173 declined and 8 remained unchanged.

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The three top traded companies were Pak Int.Bulk with a volume of 4,914,000 and price per share of 28.72 (0.83), Dewan Cement with a volume 3,618,500 of price per share of 14.12 (0.25), and TRG Pak Ltd with a volume 3,358,000 of price per share of 34.50 (-0.15).

The top three gainers were Ferozsons (Lab) with price per share 1270 (56.89), Service Ind.Ltd with price per share of 910 (36.72) and Colgate Palmowith price per share of 1480 (30).

The top three losers were Pak Oilfields with price per share of 255.50 (9.40), Tri-Pack Films with price per share of 250 (-8.37) and Attock Petrol per share of 485.10 (-6.90).

Earlier, the KSE opened with bearish note and shed massive 202.82 points to drop to 32765.44 level.

On Wednesday, activities at the Karachi Stock Exchange remained lacklustre as major index heavy weight sectors like oil and bank remained depressed. The benchmark KSE 100-share index lost another 15.21 points to close at 32968.26 points. Traded volume was down by 29% to 100.5m shares and traded value declined by 19% to Rs6.9b. Total 320 companies participated in the session of which 132 closed in advance, 176 in decline while 21 remained unchanged.

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