KARACHI: The Karachi Stock Exchange Monday dipped 1.14 per cent as benchmark KSE-100 index lost 377.74 points to reach 32670.77 level till midday.
The market recorded the highest trading level of 33048.51 points and lowest level of 32588.55 points, with the volume of 60,741,080 shares, having Rs3.34 billion value. As many as 263 companies were active; of which 49 advanced, 204 declined and 10 remained unchanged.
oil & gas marketing companies remained the highest traded sector with total volume of 21,561,800 shares, while Commercial banks remained second traded sector with a total volume of 14,378,600 shares.
Despite dropping share price, the three top traded companies were Sui South Gas with a volume of 17,854,500 and price per share of 42.40 (-2.15), B.O.Punjab with a volume 9,827,500 of price per share of 9.62 (-0.11), TRG Pak Ltd with a volume 5,313,500 of price per share of 36.34 (-1.20).
The top three gainers were Sapphire Fiber with price per share 768 (36.50), JDW Sugar with price per share of 334.98 (14.98) and AKD CapitalXD with price per share of 305.44 (14.54).
The top three losers were Bata (Pak) XD with price per share of 3300 (-140.09), Siemens Pak with price per share of 935 (-43.75) and Ferozsons (Lab) per share of 1070 (-36.65).
Earlier, the stocks continued the Friday’s negative note and shed massive 304.25 points to drop to 32744.26 level.
Overall last week, the bulls remained dominated. However, foreign selling trend persisted at the local bourse as foreigners offloaded shares worth $10.2 million during the week. Major selling was seen in chemicals and banking sector with selling of $5.5 and $4.3m, respectively.
Activity was observed across the board, particularly in blue chip stocks which had faced steep correction over the past three weeks as both traded value (+17.3 percent) and volumes (+16.9 percent) witnessed an uptick. Average daily volumes improved by 17 percent to 180.8m shares while traded value also increased by 17 percent to Rs8.9 billion/ $86.1m.
