KARACHI: Started with negative note, the Karachi Stock Exchange Monday gained momentum after second session and gained 145.63 points to take the tally to 32853.34 points at closing.
The market recorded the highest trading level of 33010.22 points and lowest level of 32595.00 points, with the volume of 82,748,960 shares, having Rs5,904,032,824 value. As many as 329 companies were active; of which 167 advanced, 142 declined and 20 remained unchanged.
Cement remained the highest traded sector with total volume of 19,522,800 shares, while the commercial banks remained second traded sector with a total volume of 14,156,000 shares.
The three top traded companies were K-Electric Ltd with a volume of 9,165,000 and price per share of 7.37 (0.13), PIAC (A) with a volume 9,020,500 of price per share of 9.30 (0.64), Pak Elektron with a volume 8,438,000 of price per share of 64.25 (0.02).
The top three gainers were Ferozsons (Lab) with price per share 991.82 (34.54), Mari Petroleum with price per share of 541.81 (25.80) and Archroma Pak with price per share of 441.93 (21.04).
The top three losers were Exide (PAK) with price per share of 863.73 (-32), Service Ind.LtdXD with price per share of 862.50 (-27.50) and Hinopak Motor per share of 1025.10 (-18.80).
Earlier, the stocks opened with negative note as the KSE-100 index dropped 46.90 points to reach 32661.01 level. At midday, the Karachi Stock Exchange gained huge 281.22 points to reach 32989.13 points level.
Last week, the Karachi stock market continued its downward spiral in the first half of the week with index shedding more than 1,000 points amidst persistent foreign selling and week sentiments prevailing among the local investors.
With sentimental concerns subsiding, value buyers made a surprise come back to recover 856 points in the last two trading sessions, restricting WoW decline to 0.8 per cent. On a sector level, industrial metals & mining topped the charts as it increased by 35.4 percent in the week followed by Forestry and electronic goods, which were up 1.6-3.0 per cent. On the flip side, oil & gas, multi utilizes and financial services fell by 3.6-3.8 percent, respectively.
