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Closing: KSE-100 gains 235pts or 0.65% to end above 36000pts

Closing: KSE-100 gains 235pts or 0.65% to end above 36000pts

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 235.12 points or 0.65 percent to reach 36156.83 points and volume of 168,725,840 shares on Wednesday.

Earlier, the bearish momentum entered another day as the Karachi Stock Exchange 100-index gained 119.82 points to the cross psychological barrier of 36000 level and reached 36041.53.

On Tuesday, the KSE-100 benchmark index increased 97.15 points or 0.27% to end at 35,921.71. The trading in cement sector helped the market gain and near the 36,000-point barrier twice intra-day. However, a plunge in the middle meant the Karachi Stock Exchange (KSE)-100 index went up only 0.27%, but continued to end in the positive during the week. Shares of 377 companies were traded on Tuesday. Of these, 149 companies closed higher, 202 fell and 26 remained unchanged.

Total volume traded in the market was 336,736,000 shares with 369 total traded companies out of which 211 were up 142 were down and 16 were unchanged.

Commercial Banks was the top traded sector with total traded volume of 70,489,800 shares. It was followed by Cement with a total traded volume of 36,600,200 shares.

The three top traded companies were Silk Bank(R) with a volume of 39,006,000 and price per share of 0.25 (0.07), Quice Food with a volume 17,430,500 of price per share of 12.40 (0.56), K-Electric Ltd. with a volume 16,718,000 of price per share of 8.09 (0.13).

The top three advancers were Hinopak MotorXD with price per share 1088.01 (51.81), Island Textile with price per share of 882.00 (42.00) and Ferozsons (Lab) share of 761.25 (36.25).

The top three decliners were Nestle Pak with price per share of 10500.00 (-200.00), Wyeth Pak Ltd with price per share of 2400.00 (-100.00) and Bata (Pak) share of 3444.44 (-96.56).

High and low were 36266.44 and 35921.71 respectively. Total volume traded in the market was 168,725,840 shares.