KARACHI: The Karachi Stock Exchange Tuesday witnessed huge rise and fall in trading as 100-Index shed 41.85 points to drop to 34684.66 points level till midday.
The stock, at one stage, reached 34912 points, by gaining 183 points, but soon fell to 34668 points. The total volume remained 101,409,570 shares, having Rs7,660,185,595 value.
Earlier, the KSE took a good start again and added 47.21 points to reach 34773.72 points level, with the total volume of 23,834,340 shares.
On Monday, the KSE closed above 34,700 points mainly due to positive momentum in oil and cement stocks as the benchmark 100-share index recorded a rise of 0.81% or 279.04 points to end at 34,726.51.
Trade volumes rose to 358 million shares compared with Friday’s tally of 282 million shares. Shares of 400 companies were traded on Monday. At the end of the day, 239 stocks closed higher, 134 declined and 27 remained unchanged. The value of shares traded during the day was Rs14.6 billion.
