KARACHI: Opened with bearish note, the Karachi Stock Exchange recovered the early losses, however, it remained in negative zone, losing the psychological barrier of 33,000 mark. The KSE-100 index shed 25.66 points to close at 32938.47 level.
The stocks recorded the highest trading level of 33027.33 points and lowest level of 32513.65 points, with the volume of 142,386,020 shares, having Rs8.51 billion value. As many as 317 companies were active; of which 123 advanced, 165 declined and 29 remained unchanged.
The three top traded companies were Pak Elektron with a volume of 17,442,000 and price per share of 68.32 (1.90), TRG Pak Ltd with a volume 10,552,500 of price per share of 34.59 (-0.64), and Maple Leaf Cement with a volume 8,221,000 of price per share of 80.46 (1.08).
The top three gainers were Ferozsons (Lab) with price per share 1156.44 (55.06), Indus Motor Co with price per share of 1082.79 (48.29) and Service Ind Ltd with price per share of 882.38 (32.38).
The top three losers were Bata (Pak) with price per share of 3161.75 (-138.25), Murree Brewery with price per share of 908.46 (-31.22) and Exide (PAK) per share of 920.60 (-23.40).
Earlier, the KSE opened keeping yesterday’s bearish note and shed huge 355.92 points or 1.08 per cent to drop to 32653.21 points, losing 33,000 mark. Despite gaining some points, the stocks remained in negative zone, dropping 241.75 points till midday.
On Monday, the benchmark KSE-100 index receded by 219.82 points to close at 33,009.13 as regional markets declined on the back of Chinese markets’ crash triggered due to lower-then-expected purchasing managers’ index (PMI) data. There were only 86 advancers in contrast to 217 decliners. The KMI 30 index nose-dived 432.32 points while KSE All Share depreciated 143.46 points. The market volumes dwindled to 109.62 million from Friday’s 124.07 million.
