KARACHI: The bearish trend continued on Friday as the Karachi Stock Exchange shed another 133.08 points to drop to 32549.42 level till midday.
The stocks recorded the highest trading level of 32775.40 points and lowest level of 32521.30 points, with the volume of 63,680,780 shares, having over Rs4.17 billion value. As many as 258 companies were active; of which 89 advanced, 156 declined and 13 remained unchanged.
The three top traded companies were Pak Int.Bulk with a volume of 7,548,000 and price per share of 29.60 (1.12), Jah Sidd Co with a volume 4,703,500 of price per share of 21.45 (0.83), and Southern Electric with a volume 3,745,000 of price per share of 2.60 (0.09).
The top three gainers were Unilever Foods with price per share 6200 (100), Ghandhara Ind with price per share of 342.40 (16.30) and Colgate Palmowith price per share of 1494.80 (14.80).
The top three losers were Indus Dyeing with price per share of 850 (-38), Ferozsons (Lab) with price per share of 1245 (-27.43) and Exide (PAK) per share of 875.50 (-23.50).
Earlier, the Karachi stocks continued to slash another 151.31 points to reach 32531.19 level in early trading.
On Thursday, the Karachi Stock Exchange benchmark KSE-100 index declined 285.76 points or 0.87% to close at 32,682.50 points. OGDC, PPL and POL declined by 3.8-5% on the back of oil price rout. Fertilizer stocks bore the brunt of a 5% drop in Urea prices to US$228/ton as investors expect that urea producers will not be able to maintain their margins. Of total 337 active companies in the session, 86 closed in green, 236 in red while 15 remained unchanged.
