RACHI: The stocks Thursday remained in the grip of bears as Karachi Stock Exchange dropped huge 285.76 points to drop to 32682.50 level at closing.
The stocks recorded the highest trading level of 32969.03 points and lowest level of 32651.72 points, with the volume of 135,851,320 shares, having about Rs9.15 billion value. As many as 328 companies were active; of which 86 advanced, 227 declined and 15 remained unchanged.
Despite dropping share price, the three top traded companies were Southern Electric with a volume of 9,287,500 and price per share of 2.51 (-0.55), TRG Pak Ltd with a volume 6,776,000 of price per share of 33.79 (-0.86), and Pak Elektron with a volume 6,270,500 of price per share of 67.86 (-0.26).
The top three gainers were Ferozsons (Lab) with price per share 1272.43 (59.32), Colgate Palmo with price per share of 1480 (30) and Service Ind.Ltd price per share of 899.10 (25.82).
The top three losers were Unilever Foods with price per share of 6000 (-100), Shezan Inter with price per share of 610 (-24.75) and Exide (PAK) per share of 899 (-16).
Earlier, the KSE opened with bearish note and shed massive 202.82 points to drop to 32765.44 level. Till midday, the stocks remained in negative zone shedding 183.24 points to reach 32785 level.
On Wednesday, activities at the Karachi Stock Exchange remained lacklustre as major index heavy weight sectors like oil and bank remained depressed. The benchmark KSE 100-share index lost another 15.21 points to close at 32968.26 points. Traded volume was down by 29% to 100.5m shares and traded value declined by 19% to Rs6.9b. Total 320 companies participated in the session of which 132 closed in advance, 176 in decline while 21 remained unchanged.
