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Closing: KSE gains 139 pts or 0.41% in post-budget rally

byShahid Imran
08/06/2015
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange benchmark 100-index gained 138.62 points or 0.41 percent to reach 34151.11  points and volume of 282,031,610 shares on Monday.

In midday trading, KSE tried to recoup some early losses, however, it remained in negative zone as 100-index lost 86.34 points.

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Earlier, the KSE started week with negative note as 100-index plunged by 597.68 points or 1.76 per cent to 33414.81 points level.

Last week, the stock market continued to climb upwards as investors went on a buying spree ahead of the budget announcement, resulting in the benchmark KSE-100 index gaining 955 points (2.9%) to close above the 34,000-point barrier.

Total volume traded in the market was 449,977,580 shares with 379 total traded companies out of which 222 were up 137 were down and 20 were unchanged.

Cement was the top traded sector with total traded volume of 95,255,000 shares. It was followed by Commercial Banks with a total traded volume of 54,164,300 shares.

The three top traded companies were Fauji Cement with a volume of 28,897,500 and price per share of 36.21 (1.72), Dewan Cement with a volume 24,813,000 of price per share of 9.45 (0.95), Pak Elektron with a volume 23,300,500 of price per share of 76.38 (3.63).

The top three advancers were Rafhan Maize XD with price per share 8925.00 (125.00), Siemens Pak. with price per share of 1189.53 (41.53) and Pak Tobacco share of 943.99 (43.99).

The top three decliners were Unilever Foods with price per share of 7970.50 (-419.50), Nestle Pak with price per share of 10000.00 (-25.00) and MCB Bank Ltd XD per share of 260.95 (-11.84).

High and low were 34235.94 and 33137.30 respectively. Total volume traded in the market was 282,031,610 shares.

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