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Closing: KSE dips deep losing 640pts or 1.79% on profit-taking by traders

Closing: KSE dips deep losing 640pts or 1.79% on profit-taking by traders

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 639.71 points or 1.79 percent to reach 35175.49 points and volume of 164,796,370 shares on first day of trading, Monday.
Earlier, the KSE started week with negative note as KSE-100 index lost 36.08 points to drop to 35779.12 points in early trading.
On Friday, stocks closed bearish amid 8 year record high trades in the first long session post Eid on institutional profit-taking. The KSE-100 Index lost 119.79 points or 0.33pc to close at 35815.20 points.
Total volume traded in the market was 164,796,370 shares with 340 total traded companies out of which 91 were up, 234 were down and 15 were unchanged.
Commercial Banks was the top traded sector with total traded volume of 74,919,600 shares. It was followed by Technology and Communication with a total traded volume of 41,892,500 shares.
The three top traded companies were Silk Bank(R) with a volume of 43,996,000 and price per share of 0.41 (0.03), P.I.A.C.(A) with a volume 13,559,000 of price per share of 11.72 (0.39), P.T.C.L. with a volume 10,525,500 of price per share of 21.83 (0.07).
The top three advancers were Colgate Palmolive with price per share 1650.00 (50.00), Jubile Life Ins. with price per share of 479.86 (22.85) and Sanofi-Aventis share of 665.00 (14.99).
The top three decliners were Nestle Pak with price per share of 10500.00 (-100.00), Wyeth Pak Ltd with price per share of 2500.00 (-34.00) and Pak Tobacco per share of 815.01 (-33.98).
High and low were 35889.53 and 35140.43 respectively. Total volume traded in the market was 164,796,370 shares.