KARACHI: Witnessing another rollercoaster day, the Karachi Stock Exchange lost the early gains as KSE-100 index went down 1.69 per cent, by shedding mammoth 545.84 points to reach 31709.36 level at closing on Tuesday.
The market recorded the highest trading level of 32464.52 points and lowest level of 31666.11 points, with the volume of 110,316,180 shares, having Rs6,443,751,107 value. As many as 352 companies were active; of which 46 advanced, 293 declined and 13 remained unchanged.
Commercial banks remained the highest traded sector with total volume of 23,827,700 shares, while the Cement remained second traded sector with a total volume of 22,137,800 shares.
Despite losing share value, the three top traded companies were Pak Elektron with a volume of 14,810,000 and price per share of 60.43 (-3.17), K-Electric Ltd with a volume 13,598,000 of price per share of 7.15 (0.00), Pace (Pak) Ltd with a volume 12,810,500 of price per share of 7.00 (-0.38).
The top three advancers were Service Ind.LtdXD with price per share 865 (15), Colgate PalmoXD with price per share of 1475 (15) and AKD CapitalXD with price per share of 196.93 (9.37).
The top three decliners were Unilever Foods with price per share of 5890 (-310), Bata (Pak) XD with price per share of 2995.83 (-55) and Hinopak Motor per share of 957.10 (-50.19).
Earlier, the Karachi Stock Exchange, after witnessing one of the worst trading days, came out of the bearish trend and gained 141.26 points to reach 32396.46 level till midday.
On Monday, the KSE-100 index nose-dived 705.07 points to reach 32,255.20. The market volumes improved from last session’s 122.33 million to 142.76 million, but still remained below par. The commercial banks topped the volume chart with 18.28 million shares traded followed by power generation and distribution sector and technology and communication with 15.7 million and 13.77 million shares traded respectively.
