KARACHI: The Karachi Stock Exchange Wednesday witnessed bullish note as KSE-100 index upward momentum and added 161.42 points to reach 32953.13 level till midday.
The market recorded the highest trading level of 33054.99 points and lowest level of 32791.71 points, with the volume of 69,241,540 shares, having Rs4.23 billion value. As many as 284 companies were active; of which 183 advanced, 90 declined and 11 remained unchanged.
Commercial banks remained the highest traded sector with total volume of 22,565,300 shares, while oil & gas marketing companies remained second traded sector with a total volume of 21,512,200 shares.
The three top traded companies were Silk Bank Ltd with a volume of 20,399,000 and price per share of 1.94 (0.08), Sui South Gas with a volume 16,735,500 of price per share of 43.80 (2.00), Jah.Sidd. Co. with a volume 12,571,500 of price per share of 19.89 (0.39).
The top three gainers were Ferozsons (Lab) with price per share 1079.87 (51.42), Mari Petroleum with price per share of 596 (27.70) and Highnoon (Lab) with price per share of 484.94 (23.09).
The top three losers were Nestle Pak with price per share of 7890 (-410), Indus Dyeing with price per share of 1045 (-55) and Island Textile per share of 703 (-37).
Earlier, the stocks recouped the overnight losses by gaining 171.24 points to reach 32962.95 level.
On Tuesday, the Karachi Stock Exchange closed bearish on global equities sell-off owing to weakness in energy stocks after crude prices fell to a 7-year low of around $37 per barrel. The KSE 100-index lost 61.83 points to close at 32791.71 points. Total volume increased by 23% to 192m shares while traded value went up by 17.5% to Rs9.4b ($88m).
