KARACHI: The Karachi Stock Exchange Friday dropped another 147.65 points to close at 32534.85 points level.
The stocks recorded the highest trading level of 32775.40 points and lowest level of 32476.42 points, with the volume of 110,555,990 shares, having over Rs7.20 billion value. As many as 332 companies were active; of which 108 advanced, 201 declined and 23 remained unchanged.
The three top traded companies were Pak Int.Bulk with a volume of 9,625,500 and price per share of 29.37 (0.89), Jah Sidd Co with a volume 4, 7,029,500 of price per share of 21.12 (0.50), and Southern Electric with a volume 36,947,500 of price per share of 2.42 (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), Nestle Pak with price per share of 7530 (-25) and Exide (PAK) per share of 876.21 (-22.79).
Earlier, the Karachi stocks continued to slash another 151.31 points to reach 32531.19 level in early trading. The bearish trend continued till midday as the Karachi Stock Exchange shed another 133.08 points to drop to 32549.42 level.
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.
