KARACHI: The stocks Friday dipped by 1 per cent, losing psychological barrier of 33,000 level. The Karachi Stock Exchange benchmark KSE-100 index lost massive 332.50 points to close at 32777.04 level.
The market recorded the highest trading level of 33176.72 points and lowest level of 32743.78 points, with the volume of 73,976,990 shares, having almost Rs7.85 billion value. As many as 316 companies were active; of which 108 advanced, 188 declined and 20 remained unchanged.
Commercial banks remained the highest traded sector with total volume of 22,196,400 shares, while cement remained second traded sector with a total volume of 12,604,700 shares.
The three top traded companies were Habib Bank with a volume of 7,761,600 and price per share of 208.32 (-10.96), B.O.Punjab with a volume 6,305,000 of price per share of 9.15 (-0.24), and Pak Int.Bulk with a volume 5,899,500 of price per share of 29.15 (0.40).
The top three gainers were Ferozsons (Lab) with price per share 1095 (35.78), Mari Petroleum with price per share of 1017.90 (33.70) and Sapphire Fiber with price per share of 779.50 (29.50).
The top three losers were Rafhan Maize with price per share of 8500 (-287.50), Nestle Pak with price per share of 7000.11 (-89.89) and Indus Dyeing per share of 992.75 (-52.25).
Earlier, after two-day’s bullish note, the stocks again went to negative zone as the Karachi Stock Exchange lost 187.59 points to drop to 32921.95 level in early trading. Till midday, the bearish note became further severe as the KSE-100 index dipped 0.75 per cent, dropping 246.95 points to reach 32862.59 points.
On Thursday, buying in the oil sector pushed the benchmark KSE-100 index above the 33,000 psychological barrier. Trading session on Thursday witnessed 226 advancers with 20 companies hitting the upper lock price. KSE-100 index gained 394.94 points to close at 33,109.54. The market volumes remained a cause of concern and fell to 142.183 million, contracting 4.58%.