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Bull-run helps KSE add 143pts to reach 32997 level till midday

byMatiur Rehman
08/12/2015
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange Monday continued upward momentum and added 143.13 points to reach 32996.67 level till midday.

The market recorded the highest trading level of 33043.34 points and lowest level of 32747.59 points, with the volume of 80,510,500 shares, having Rs4,490,223,232 value. As many as 284 companies were active; of which 175 advanced, 93 declined and 16 remained unchanged.

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Power generation & distribution remained the highest traded sector with total volume of 17,873,000 shares, while banks/inv cos./securities cos. remained second traded sector with a total volume of 15,036,000 shares.

The three top traded companies were K-Electric Ltd with a volume of 15,077,500 and price per share of 7.54 (0.17), Jah.Sidd. Co. with a volume 14,319,500 of price per share of 19.60 (0.77), Pak Elektron with a volume 9,758,000 of price per share of 66.32 (2.07).

The top three gainers were Ferozsons (Lab) with price per share 1027.80 (35.98), Mari Petroleum with price per share of 568.90 (27.09) and Hinopak Motor with price per share of 1048 (22.90).

The top three losers were Island Textile with price per share of 680 (-33), Atlas Honda Ltd with price per share of 385.01 (-9.98) and Pak Gum & Chem per share of 128.16 (-6.74).

Earlier, the KSE opened gaining 83.09 points to reach 32936.63 level, with the total volume of 37,516,000 shares.

On Monday, the KSE-100 index opened the week on a positive note with the benchmark KSE-100 breaking the psychological barrier of 33,000 (up 302.31 points) during the day, But by the day end it had shed these gains to settle at 32,853.54, gaining 145.63 points.

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