KARACHI: In a bid to recoup overnight losses, the Karachi Stock Exchange benchmark KSE-100 index Wednesday up by 0.76 per cent by gaining 247.56 points to reach 32714.60 points.
The market recorded the highest trading level of 32746.27 points and lowest level of 32467.04 points, with the volume of 107,924,340 shares, having Rs6.47 billion value. As many as 322 companies were active; of which 181 advanced, 120 declined and 21 remained unchanged.
Oil & gas marketing companies remained the highest traded sector with total volume of 33,081,100 shares, while power generation & distribution remained second traded sector with a total volume of 20,682,000 shares.
The three top traded companies were Sui North Gas with a volume of 18,649,000 and price per share of 26.50 (-1.03), TRG Pak Ltd with a volume 17,383,000 of price per share of 34.64 (0.31), K-Electric Ltd with a volume 12,896,000 of price per share of 7.63 (0.13).
The top three gainers were Pak Suzuki with price per share 490 (23.36), Shezan Inter with price per share of 650 (20) and Sunrays Textile with price per share of 435 (19.23).
The top three losers were Nestle Pak with price per share of 7000 (-116.22), Atlas BatteryXD with price per share of 766 (-24) and Pak TobaccoXD per share of 1000 (-20).
Earlier, the stocks again started with positive note as KSE gained 153.45 points to reach 32620.49 level with the volume of 7,377,070 shares in early trading. Till midday, the KSE -100 index up by 0.50 per cent by adding 162.21 points to reach 32629.25 points as positive news is expected from Sindh on Rangers redeployment.
On Tuesday, the KSE-100 index witnessed heavy buying in the first half of the day where KSE-100 index touched 32,994.96 (+237.14 points). However all gains were wiped off after the uproar in Sindh Assembly on Rangers issue and the KSE-100 index closed at 32,467.04 (-290.78 points). The market volumes remained constant at 145.50 million, a raise of only 0.68% from last session as investors waited for FED’s decision over interest rates.