KARACHI: The stocks Thursday witnessed fluctuation in trading whole the day, which was the last day of year 2015 as the Karachi Stock Exchange benchmark KSE-100 index lost 8.97 points continued the negative note of early trading till midday and shed 57.98 points to drop to 32767.07 level.
The stocks recorded the highest trading level of 32856.02 points and lowest level of 32735.43 points, with the volume of 59,796,540 shares, having about Rs4.3 billion value. As many as 316 companies were active; of which 156 advanced, 138 declined and 22 remained unchanged.
Technology & communication remained the highest traded sector with total volume of 21,942,000 shares, while commercial banks remained second traded sector with a total volume of 12,994,000 shares.
The three top traded companies were Gharibwal Cement with a volume of 6,933,500 and price per share of 47.45 (1.87), Pak Elektron with a volume 4,686,000 of price per share of 62.54 (0.90), and K-Electric Ltd with a volume 4,316,000 of price per share of 7.44 (0.05).
The top three gainers were Pak Tobacco with price per share 1114.19 (53.05), Nestle Pak with price per share of 7800 (50) and Ferozsons (Lab) with price per share of 1106.90 (42.65).
The top three losers were Unilever Foods with price per share of 5950 (-250), Sapphire Fiber with price per share of 703.95 (-37.05) and Colgate Palm per share of 1450 (-29).
Earlier, the Karachi stock went to negative zone in early trading as 100-index shed 61.15 points to reach 32763.88 points. The KSE continued the negative note of early trading till midday and shed 57.98 points to drop to 32767.07 level.
On Wednesday, the KSE witnessed dull and lackluster trading activities due to year end. As a result, the benchmark KSE 100-share index rose by just 13 points to close at 32825.03 points. Total volume decreased by 45% to 79m shares as compared to 144m shares of Tuesday while traded value also declined by 40% to Rs 5.1b from Rs8.5b. Of total 326 traded companies in session, 164 concluded in advance, 147 in declines whereas 15 remained unchanged.
