KARACHI: The Karachi Stock Exchange Monday dipped by 1.22 per cent by losing 401.03 points to reach 32559.24 level till midday.
The market recorded the highest trading level of 32994.19 points and lowest level of 32559.23 points, with the volume of 24,074,860 shares, having Rs1,767,073,930 value. As many as 271 companies were active; of which 41 advanced, 219 declined and 11 remained unchanged.
Commercial banks remained the highest traded sector with total volume of 8,383,600 shares, while the Oil & gas marketing companies remained second traded sector with a total volume of 4,741,600 shares.
Despite losing share price, the three top traded companies were Pak Elektron with a volume of 1,944,000 and price per share of 64.75 (-1.14), Sui South Gas with a volume 1,651,000 of price per share of 42.30 (-0.76), TRG Pak Ltd with a volume 1,617,500 of price per share of 38.05 (-0.48).
The top three advancers were KSB Pumps with price per share 264 (11), AKD CapitalXD with price per share of 187.56 (8.93) and Thal Limited with price per share of 253.99 (3.99).
The top three decliners were Exide (PAK) with price per share of 935 (-42.92), Hinopak Motor with price per share of 1020 (-25.17) and Bata (Pak) XD per share of 3000 (-20).
Earlier, the bearish trend started the new trading week as the Karachi Stock Exchange benchmark KSE-100 index dropped 96.55 points to drop to 32863.72 points level with the total volume of 6,351,300 shares.
Last week, the local stock continued to plunge amidst incessant foreign selling and week local sentiments, as the KSE-100 index closed down 2.6 percent weekly. Activity in index heavyweights was visible given 0.6 percent WoW increase in average traded value despite 18 percent WoW decline in average traded volumes at the bourse.
Average daily volumes declined by 18 percent to 143.3mn shares while traded value increased by 1 percent to Rs6.6 billion/$63.0m. Foreigners were net sellers this week with selling of $13.1m, taking month-to-date selling to $44.9m. Major selling was seen in Banking and Chemicals sector with net selling of $6.0m and $5.7m, respectively.
