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Closing: KSE starts week positive with 59pts or 0.17% gain

Closing: KSE starts week positive with 59pts or 0.17% gain

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 59.00points or 0.17 percent to reach 34710.29 points and volume of 364,949,260 shares on Monday.

In midday trading, though the Karachi Stock Exchange benchmark 100-index lost some early gains, however, it remained in green zone.

Earlier, the bullish trend in Karachi Stock Exchange entered the next week as KSE benchmark 100-index gained 103.88 points and reached 34755 points level in early trading on Monday.

On Friday, the KSE recorded bullish trade for fifth straight day as institutional investors remained on the buying side as part of the post-budget bullish rally which has injected over 600 points into the main index.

Total volume traded in the market was 568,075,350 shares with 384 total traded companies out of which 189 were up 171 were down and 24 were unchanged.

Power Generation and Distribution was the top traded sector with total traded volume of 226,478,000 shares. It was followed by Cement with a total traded volume of 70,934,300 shares.

The three top traded companies were K-Electric Ltd. with a volume of 217,165,000 and price per share of 8.85 (0.72), Dewan Cement with a volume 33,485,000 of price per share of 10.31 (0.37), Pace (Pak) Ltd. with a volume 21,761,000 of price per share of 5.08 (0.55).

The top three advancers were Rafhan Maize with price per share 9540.00 (454.00), Bata (Pak) with price per share of 3135.00 (135.00) and Shezan Inter. share of 910.00 (35.00).

The top three decliners were Island Textile with price per share of 698.00 (-36.00), Nestle Pak with price per share of 10000.00 (-25.11) and Pak Tobacco per share of 899.80 (-20.18).

High and low were 34869.45  and 34634.38 respectively. Total volume traded in the market was 364,949,260 shares.