KARACHI: The Karachi Stock Exchange Wednesday remained in bullish mood and crossed the psychological barrier of 33,000 level as KSE-100 index added massive 228.55 points to take the tally to 33020.26 at closing.
The market recorded the highest trading level of 33070.85 points and lowest level of 32791.71 points, with the volume of 117,166,660 shares, having Rs8.60 billion value. As many as 344 companies were active; of which 201 advanced, 122 declined and 21 remained unchanged.
Power generation & distribution companies remained the highest traded sector with total volume of 26,356,000 shares, while cable & electrical goods remained second traded sector with a total volume of 18,843,060 shares.
The three top traded companies were K-Electric Ltd. with a volume of 21,079,500 and price per share of 7.56 (0.19), Jah.Sidd. Co. with a volume 15,587,500 of price per share of 19.56 (0.67), Pak Elektron with a volume 14,942,500 of price per share of 67.15 (2.28).
The top three gainers were Ferozsons (Lab) with price per share 1079.87 (51.42), Mari Petroleum with price per share of 596.94 (27.09) and Island Textile with price per share of 703 (27).
The top three losers were Nestle Pak with price per share of 7885 (-300), Indus Dyeing with price per share of 1045 (-55) and Bata (Pak) XD per share of 3150 (-50).
Earlier, the stocks recouped the overnight losses by gaining 171.24 points to reach 32962.95 level. Till midday, the KSE witnessed bullish note as 100-index upward momentum and added 161.42 points to reach 32953.13 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).
