KARACHI: The Karachi Stock Exchange Monday gained huge 281.22 points to take the tally to 32989.13 points level till midday.
The market recorded the highest trading level of 32995.04 points and lowest level of 32595.00 points, with the volume of 32,832,030 shares, having Rs2,532,767,376 value. As many as 280 companies were active; of which 174 advanced, 93 declined and 13 remained unchanged.
Cement remained the highest traded sector with total volume of 15,187,600 shares, while the transport remained second traded sector with a total volume of 8,282,800 shares.
The three top traded companies were PIAC (A) with a volume of 7,229,000 and price per share of 9.34 (0.58), K-Electric Ltd with a volume 6,760,500 of price per share of 7.30 (0.02), Amreli Steels L with a volume 4,817,500 of price per share of 64.75 (2.77).
The top three gainers were Ferozsons (Lab) with price per share 990 (178.70), Mari Petroleum with price per share of 541.81 (25.80) and Archroma Pak with price per share of 441.93 (21.04).
The top three losers were Exide (PAK) with price per share of 890 (-15), National Foods with price per share of 301.50 (-8.50) and Pak Gum & Chem per share of 135 (-7).
Earlier, the stocks opened with negative note as the KSE-100 index dropped 46.90 points to reach 32661.01 level.
Last week, the Karachi stock market continued its downward spiral in the first half of the week with index shedding more than 1,000 points amidst persistent foreign selling and week sentiments prevailing among the local investors.
With sentimental concerns subsiding, value buyers made a surprise come back to recover 856 points in the last two trading sessions, restricting WoW decline to 0.8 per cent. On a sector level, industrial metals & mining topped the charts as it increased by 35.4 percent in the week followed by Forestry and electronic goods, which were up 1.6-3.0 per cent. On the flip side, oil & gas, multi utilizes and financial services fell by 3.6-3.8 percent, respectively.
