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KSE witnesses rollercoaster day, sheds 220pts

byMatiur Rehman
04/01/2016
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange Monday observed a rollercoaster day after losing massive 219.82 points or 0.66 per cent to drop to 33009.13 points level at closing.

The stocks recorded the highest trading level of 33304.40 points and lowest level of 32968.40 points, with the volume of 109,619,930 shares, having Rs6.288 billion value. As many as 316 companies were active; of which 86 advanced, 217 declined and 13 remained unchanged.

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The three top traded companies were Pak Elektron with a volume of 15,384,000 and price per share of 66.42 (3.18), Dewan Cement with a volume 8,565,500 of price per share of 13.98 (0.00), and TRG Pak Ltd with a volume 7,597,000 of price per share of 35.23 (0.1).

The top three gainers were Unilever Foods with price per share 6100 (150), Bata (Pak) with price per share of 3300 (134.75) and Island Textile with price per share of 675 (30).

The top three losers were Murree Brewery with price per share of 939.68 (-49.42), Sanofi-Aventis with price per share of 640 (-29.99) and Atlas Battery per share of 751 (-12).

Earlier, the KSE again went to negative zone by shedding 179.93 points to drop to 33049.02 points level till midday.

Last week, the overall sentiments at the bourse remained positive, as the benchmark KSE-100 index closed 2.2 percent WoW higher. Activity also improved as average traded volumes (+24 percent WoW to 114 million shares/day) and value (+0.4 percent WoW to $63m) inched up. Average daily volumes increased 24 percent to 113.7 million shares, while average daily value remained flat at Rs6.6 billion/$62.5 million.

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