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Closing: KSE-100 recovers 121pts or 0.34% on institutional buying

Closing: KSE-100 recovers 121pts or 0.34% on institutional buying

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 121.27 points or 0.34 percent to reach 36205.94 points and volume of 139,153,090 shares on Tuesday.
Earlier, the KSE took a good start after losing 138 points on previous day. The KSE benchmark 100-index added 121 points to take the tally to 36205.67 points level, with the total volume of 15,748,480 shares.
On Monday, the KSE 100-index declined by 137.96 points or 0.38% to end at 36,084.67. Shares of 382 companies were traded during the day. Of these, 146 companies closed higher, 207 fell and 29 remained unchanged. Trading volumes decreased to 264 million shares compared to 291 million on Friday.
Total volume traded in the market was 328,299,900 shares with 387 total traded companies out of which 200 were up 159 were down and 28 were unchanged.
Commercial Banks was the top traded sector with total traded volume of 51,839,800 shares. It was followed by Chemicals with a total traded volume of 49,425,640 shares.
The three top traded companies were Lotte Chemical with a volume of 38,302,500 and price per share of 9.17 (0.68), Pace (Pak) Ltd. with a volume 32,065,000 of price per share of 7.20 (0.79), Sui North Gas with a volume 13,632,500 of price per share of 35.44 (1.54).
The top three advancers were The Searle Comp with price per share 396.85 (18.87), Biafo Ind. with price per share of 226.35 (10.77) and Pak Suzuki share of 478.71 (10.26).
The top three decliners were Rafhan Maize with price per share of 9401.11 (-98.90), Hinopak Motor with price per share of 1196.53 (-62.97) and Wyeth Pak Ltd share of 2350.00 (-50.00).
High and low were 36272.09 and 36084.67 respectively. Total volume traded in the market was 139,153,090 shares.