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Closing: KSE plunges 248pts, 0.72% at start of trading week

Closing: KSE plunges 248pts, 0.72% at start of trading week

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 248.28 points or 0.72 percent to reach 34278.42 points and volume of 104,762,090 shares on Monday.
In midday trading, the KSE remained in negative zone on Monday as100-index lost 222.87 points and reached 3403.83 points.
Last week, the KSE witnessed range-bound activity during the outgoing week as the benchmark KSE-100 index closed at 34,527, down 0.4 per cent WoW. Average trading volumes picked up by 15 per cent WoW to 458 million shares/day, while foreigners returned net sellers worth US$5.6 million.
Total volume traded in the market was 187,749,950 shares with 337 total traded companies out of which 89 were up 214 were down and 34 were unchanged.
Cement was the top traded sector with total traded volume of 42,715,200 shares. It was followed by Power Generation and Distribution with a total traded volume of 27,700,500 shares.
The three top traded companies were Dewan Cement with a volume of 23,572,000 and price per share of 14.00 (0.75), Power Cement Ltd. with a volume 9,840,500 of price per share of 10.76 (0.74), Jah.Sidd. Co with a volume 9,388,500 of price per share of 22.82 (0.11).
The top three advancers were Murree Brewery with price per share 1027.00 (34.34), Atlas Battery with price per share of 706.22 (15.64) and Exide (PAK) share of 1094.00 (12.25).
The top three decliners were Rafhan Maize with price per share of 10355.00 (-545.00), Shezan Inter. with price per share of 890.00 (-20.00) and Millat Tractors per share of 680.75 (-15.36).
High and low were 34534.26 and 34069.64 respectively. Total volume traded in the market was 104,762,090 shares.