KARACHI: The Karachi Stock Exchange Thursday started trading day with negative note as 100-index lost 184.23 points to drop to 33646.13 points level.
On Wednesday, the KSE ended higher to edge close to the 34,000-point barrier as support was witnessed in the oil and cement sectors, but absence of triggers and positive news meant activity was restricted with less than 200 million shares being traded.
Trade volumes fell to 195 million shares compared with Tuesday’s tally of 291 million shares. Shares of 350 companies were traded on Wednesday. At the end of the day, 209 stocks closed higher, 123 declined while 18 remained unchanged. The value of shares traded during the day was Rs8.47 billion.
Dewan Cement Limited was the volume leader with 13.45 million shares, gaining Rs0.18 to finish at Rs18.06. It was followed by Dewan Motors Limited with 11.4 million shares, losing Rs0.52 to close at Rs11.90 and TRG Pakistan Limited (ex-rights issue) with 10.7 million shares, losing Rs1.63 to close at Rs34.23.
