KARACHI: The stocks remained in bearish trend till midday as the Karachi Stock Exchange benchmark KSE-100 index dropped 83.58 points to reach 33874.54 level.
The market witnessed the highest trading level of 33969.68 points and lowest level of 33687.98 points, with the total volume of 47,712,060 shares, having Rs2,700,390,998 value. Out of total 274 companies, 104 were up, 163 were down and 7 remained unchanged.
Oil & gas marketing companies was the top traded sector with total traded volume of 13,061,050 shares, while TECHNOLOGY & COMMUNICATION was second with a total traded volume of 9,808,500 shares.
The three top traded companies were TRG Pak Ltd with a volume of 7,652,000 and price per share of 39.30 (-0.36), Sui South Gas with a volume 6,719,500 of price per share of 39.80 (0.34), Descon Oxychem(R) with a volume 6,196,500 of price per share of 0.89 (-0.18).
The top three advancers were Pak Tobacco SPOT with price per share 1031 (47.91) and 150 shares; Millat Tractors XD with price per share of 600 12.57) and 40,100 shares; and Ghandhara Ind.XD share of 259.18 (12.34) and 224,500.
The top three decliners were Unilever Foods with price per share of 6650.00 (-350) and 280 shares volume, Indus Motor Co SPOT with price per share of 1125.00 (-10.48) and 5,660 shares volume, and Siemens Pak per share of 989.99 (-9.01) and 200 shares volume.
Earlier, the bearish trend entered another day as the Karachi Stock Exchange benchmark KSE-100 index lost another 77.64 points to drop to 33880.48 points level, with the total volume of 23,752,910 shares in early trading.
On Tuesday, the KSE-100 index posted a loss of 378.35 points to reach 33958.12 points level as Pakistani rupee is depreciating against the US dollar. Major activity was seen in SSGC, TRG, PACE and SNGP with traded volumes of 22m, 19.3m, 12.7m and 10.9m shares, respectively.
