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Closing: KSE 100-index sheds 475pts or 1.45% amid cautious activity

Closing: KSE 100-index sheds 475pts or 1.45% amid cautious activity

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 475.44 points or 1.45 percent to reach 32214.58 points and volume of 114,339,730 shares on Tuesday.

Stocks ended negative amid cautious activity in the post earnings announcements session at KSE on Tuesday.

Technology and Communication was the top traded sector with total traded volume of 34,501,500 shares. It was followed by Power Generation and Distribution with a total traded volume of 29,420,000 shares.

The three top traded companies were K-Electric Ltd. with a volume of 24,558,500 and price per share of 7.04 (0.03), TRG Pak Ltd with a volume 16,681,500 of price per share of 32.01 (1.35), TRG Pak(R) with a volume 6,603,000 of price per share of 21.20 (0.92).

The top three advancers were Hinopak Motor with price per share 1154.61 (54.98), Philip Morris Pak. with price per share of 1397.37 (47.37) and Pak Tobacco share of 965.04 (45.95).

The top three decliners were Bata (Pak) with price per share of Bata (Pak) (-114.98), Colgate PalmoXD with price per share of 1340.00 (-60.00) and Indus Motor Co XD share of 999.52 (-40.48).

On Monday, reaction remained subdued after Eid holidays as turnover remained on the lower side. Falling crude oil prices did not help matters with the index, despite a positive open, failed to find momentum and further went south in the last hour. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.40% or 132.82 points to end at 32,690.02. Trade volumes fell to 111 million shares compared with Wednesday’s tally of 130 million shares.

High and low were 33161.61 and 32826.24 respectively. Total volume traded in the market was 114,339,730shares.