KARACHI: The stocks witnessed the bearish trend whole the day on Thursday as Karachi Stock Exchange benchmark KSE-100 index crossed psychological barrier of 33,000 points, gaining 448 points but lost more than 50 points in the last minutes. The KSE added 394.94 points to reach 33109.54 level at closing.
The market recorded the highest trading level of 33162.05 points and lowest level of 32714.60 points, with the volume of 93,414,680 shares, having Rs8.07 billion value. As many as 328 companies were active; of which 221 advanced, 89 declined and 18 remained unchanged.
Cement remained the highest traded sector with total volume of 15,907,600 shares, while technology & communication remained second traded sector with a total volume of 15,418,500 shares.
The three top traded companies were TRG Pak Ltd with a volume of 10,730,500 and price per share of 34.36 (-0.28), Pak Elektron with a volume 8,831,500 of price per share of 67.50 (0.42), and Oil & Gas Dev with a volume 8,400,500 of price per share of 119.15 (5.67).
The top three gainers were Nestle Pak with price per share 7090 (90), Island Textile with price per share of 666.75 (31.75) and Highnoon (Lab) with price per share of 513.97 (24.47).
The top three losers were Rafhan Maize with price per share of 8787.50 -462.50), Murree Brewery with price per share of 984.20 (-51.80) and Mari Petroleum per share of 680 (-18.65).
Earlier, the stocks continued the previous day’s bullish note as the Karachi Stock Exchange gained 131 points to reach 32845.25 level with the total volume of 8,525,400 shares in early trading. Till midday, the KSE maintained the bullish note as 100-index crossed psychological barrier of 33,000 points, gaining 312.95 points to reach 33027.55 level.
On Wednesday, the KE-100 index regained 247.58 points (0.78 per cent) and closed at 32,714.60. The regional markets seemed to have shrugged off the fear of major outflow in case Fed announced its decision to raise policy rates.
Shares of 328 companies were traded. At the end of the day, 183 stocks closed higher, 123 declined while 22 remained unchanged. The value of shares traded during the day was Rs7.7 billion.
