KSE remains in bearish note, drops 242pts till midday

KARACHI: Despite gaining some points, the Karachi Stock Exchange remained in negative zone, dropping 241.75 points till midday on Tuesday.


The stocks recorded the highest trading level of 33304.40 points and lowest level of 32513.65 points, with the volume of 79,085,860 shares, having Rs4.57 billion value. As many as 246 companies were active; of which 61 advanced, 171 declined and 14 remained unchanged.

The three top traded companies were Pak Elektron with a volume of 7,728,500 and price per share of 67.25 (0.83), TRG Pak Ltd with a volume 6,775,000 of price per share of 34.23 (-1.00), and Jah.Sidd. Co with a volume 5,158,000 of price per share of 21.36 (0.42).

The top three gainers were Ferozsons (Lab) with price per share 1150 (48.62), Indus Motor Co with price per share of 1078 (43.50) and Pak Tobacco with price per share of 1199.98 (30.99).

The top three losers were Murree Brewery with price per share of 910 (-29.68), Archroma Pak with price per share of 446.01 (-10.25) and EFU Life Assr per share of 190.01 (-8.99).

Earlier, the KSE opened keeping yesterday’s bearish note and shed huge 355.92 points or 1.08 per cent to drop to 32653.21 points, losing 33,000 mark.