KARACHI – The Karachi Stock Exchange witnessed high volatility as the KSE-100 Index not only reversed the early gains of 123.71 points or 0.37pc but also lost further 102.25 points or 0.30 percent and reached 33743.05 points in Thursday afternoon trade.
The High and Low were 33996.73 and 33743.05 respectively while the volume traded in the market was 62,423,730.
In the early trading of the same day, the 100 Index had jumped to 33969.01 points after considerable gain of 123.71 points or 0.37% at the bourse perhaps due to upbeat earnings in banking, pharma and cement sector stocks announced in the trading session.
Earlier, it had remained under pressure as the index lowered 50 points to close at 33845.30 points with significantly lower volumes. The highest increase then was witnessed in the shares of Unilever Foods which rose by Rs300.00 to Rs9100.00 followed by Indus Motor that share appreciated by Rs49.63 to Rs1042.40. Rafhan Maize which shares decreased by Rs247.89 to Rs10701.11 and Exide (PAK) that fells by Rs54.69 to Rs1244.10 were among top decliners in market.
