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KSE recoups losses, gains mammoth 361pts to reach 34295

byMatiur Rehman
12/11/2015
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange benchmark KSE-100 index Thursday surged by 1.06 per cent, by gaining 361.22 points to take the tally to 34295.26 points level at closing.

The market witnessed the highest trading level of 34306.75 points and lowest level of 33934.04 points, with the total volume of 193,918,531 shares, having Rs10,996,217,180 value. As many as 358 companies were active; of which 263 advanced, 86 declined and 9 remained unchanged.

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Oil & gas marketing companies was the top traded sector with total volume of 22,792,600 shares, while Technology & Communication was second with a total traded volume of 15,373,500 shares.

The three top traded companies were Sui North Gas with a volume of 10,584,500 and price per share of 32.00 (0.19), Sui South Gas with a volume 9,922,000 of price per share of 40.70 (0.48), Jah.Sidd. Co. with a volume 9,606,500 of price per share of 21.33 (1.01).

The top three advancers were Bata (Pak) XD with price per share 2999 (49) and 40 shares; Millat Tractors XD with price per share of 627.93 (29.90) and 100,150 shares; and Packages Ltd share of 626.15 (29.81) and 214,850.

The top three decliners were Unilever Foods with price per share of 6380 (-270) and 300 shares volume, Nestle Pak XD with price per share of 8531 (-134) and 20 shares volume, and Murree BreweryXD per share of 1000 (-50) and 50 shares volume.

Earlier, the stocks came out of bearish trend and crossed 34,000 mark as the KSE-100 index up by 0.75 per cent, gaining 253.13 points to reach 34187.17 points level till midday.

On Wednesday, the KSE-100 index inched down 24.08 points, or 0.07 percent, to close at 33,934.04 points. Out of total 352 scrips, 152 were up, 177 were down and 23 remained unchanged. The ready market volumes stood at 152.29 million shares as compared to 205.273 million shares in the last trading session.

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