KARACHI: The stocks maintained the bullish note on Thursday as the Karachi Stock Exchange benchmark KSE-100 index crossed psychological barrier of 33,000 points, gaining 312.95 points to reach 33027.55 level till midday.
The market recorded the highest trading level of 33056.08 points and lowest level of 32714.60 points, with the volume of 47,414,260 shares, having Rs4.15 billion value. As many as 284 companies were active; of which 204 advanced, 62 declined and 18 remained unchanged.
Cement remained the highest traded sector with total volume of 8,607,500 shares, while oil & gas exploration companies remained second traded sector with a total volume of 8,364,500 shares.
The three top traded companies were Sui North Gas with a volume of 4,388,500 and price per share of 26.79 (0.29), Oil & Gas Dev with a volume 4,151,100 of price per share of 115.90 (2.42) Pak Elektron with a volume 4,134,000 of price per share of 68.20 (1.12).
The top three gainers were Nestle Pak with price per share 7150 (150), Ferozsons (Lab) with price per share of 1080 (37.06) and Shezan Inter with price per share of 682.50 (32.50).
The top three losers were Murree Brewery with price per share of 984.20 (-51.80), Tri-Pack Films with price per share of 267.55 (-13.94) and Abbott Lab per share of 655 (-8).
Earlier, the stocks continued the previous day’s bullish note as the Karachi Stock Exchange gained 131 points to reach 32845.25 level with the total volume of 8,525,400 shares in early trading.
On Wednesday, the KE-100 index regained 247.58 points (0.78 per cent) and closed at 32,714.60. The regional markets seemed to have shrugged off the fear of major outflow in case Fed announced its decision to raise policy rates.
Shares of 328 companies were traded. At the end of the day, 183 stocks closed higher, 123 declined while 22 remained unchanged. The value of shares traded during the day was Rs7.7 billion.
