KARACHI: Despite gaining some early losses, the Karachi stock Wednesday remained in negative zone as KSE-100 index lost 24.08 points to reach 33934.04 points level, losing 34,000 mark over volatility.
The market witnessed the highest trading level of 33969.68 points and lowest level of 33687.98 points, with the total volume of 82,710,980 shares, having Rs5,017,415,258 value. Out of total 335 companies, 148 were up, 164 were down and 23 remained unchanged.
Oil & gas marketing companies was the top traded sector with total traded volume of 21,182,450 shares, while Power Generation & Distribution was second with a total traded volume of 14,709,500 shares.
The three top traded companies were Pace (Pak) Ltd. with a volume of 12,123,000 and price per share of 8.21 (0.49), Sui South Gas with a volume 11,244,000 of price per share of 40.22 (0.98), TRG Pak Ltd with a volume 10,308,500 of price per share of 39.31 (-0.16).
The top three advancers were Bata (Pak) XD with price per share 2950 (50) and 20 shares; Pak Tobacco SPOT with price per share of 1031 (47.91) and 150 shares; and Siemens Pak share of 1011.25 (29) and 320.
The top three decliners were Unilever Foods with price per share of 6650.00 (-350) and 340 shares volume, Nestle Pak XD with price per share of 8665 (-345) and 20 shares volume, and Shezan Inter. XD per share of 680 (-32.50) and 1,100 shares volume.
Earlier, the bearish trend entered another day as the Karachi Stock Exchange benchmark KSE-100 index lost another 77.64 points to drop to 33880.48 points level, with the total volume of 23,752,910 shares in early morning session. The stocks remained in bearish trend till midday as the KSE dropped 83.58 points to reach 33874.54 level.
On Tuesday, the KSE-100 index posted a loss of 378.35 points to reach 33958.12 points level as Pakistani rupee is depreciating against the US dollar. Major activity was seen in SSGC, TRG, PACE and SNGP with traded volumes of 22m, 19.3m, 12.7m and 10.9m shares, respectively.
