KARACHI: The Karachi Stock Exchange Friday witnessed bullish note on the last trading day of week but first day of year 2016 and up by 1.26 per cent, crossing psychological barrier of 33,000 mark. The KSE-100 index gained mammoth 412.64 points to take the tally to 33228.95 points level at closing.
The stocks recorded the highest trading level of 33256.85 points and lowest level of 32816.31points, with the volume of 124,069,810 shares, having over Rs6.5 billion value. As many as 312 companies were active; of which 222 advanced, 72 declined and 18 remained unchanged.
The three top traded companies were Fauji Cement with a volume of 16,678,500 and price per share of 38.05 (1.23), Ist.Dawood Bank with a volume 11,737,000 of price per share of 1.48 (0.15), and DGK Cement with a volume 5,557,200 of price per share of 154.65 (7.06).
The top three gainers were Pak Tobacco with price per share 1168.99 (54.80), Exide (PAK) with price per share of 938.75 (31.61) and Shezan Inter with price per share of 642.29 (30.58).
The top three losers were Wyeth Pak Ltd with price per share of 2210 (-110), Bata (Pak) with price per share of 3165.25 (-104.45) and Indus Dyeing per share of 888 (-44.33).
Earlier, the Karachi stock welcomed New Year with positive note as 100-index added 199.63 points to cross the psychological barrier of 33,000 points and reach 33015.94 level in early trading. The stocks, keeping the upward momentum of early trading, added another 265.36 points to reach 33081.67 points level till midday.
On Thursday, the stock market witnessed rangebound trading as the benchmark KSE 100-index declined by 9 points and closed at the 32,816.31 points. The traded volume was 99m shares which was 40% down compared to 3-month average volume of 163.m shares and value of Rs 5.5b ($52m) was down by 32% as compared to 3-month average value of Rs 8.2b ($78m).
