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Losing spree continues at KSE; 100-index drops 275pts till midday

byMatiur Rehman
10/09/2015
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange continued negative note of early trading as 100-index dipped 0.81 per cent, losing 275 points to reach 33555.28 points level till midday on Thursday.

The stocks recorded the highest trading level 33833.02 points and lowest level of 33508.35 points, with the total volume of 30,768,250 shares, having Rs2,117,956,098 volume.

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Earlier, the KSE 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.

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