Stock gains 402 points end trading on bullish note


KARACHI, Jul 29:  The Karachi Stock Exchange benchmark 100-index gained 401.83 points or 1.14 percent to reach 35676.49 points and volume of 173,546,720 shares on Wednesday.
Earlier, the KSE gained massive 305.21 points or 0.87 per cent to reach 35579.87 points level.
On Tuesday, the market witnessed a volatile session with the index oscillating between over 120 points in the red to 268 points positive, eventually closing in the black after three days of successive decline. At close, the Karachi Stock Exchange (KSE)-100 index ended at 35,274.66 points, increasing 0.28% or 99.17 points..
Total volume traded in the market was 173,546,720 shares with 385 total traded companies out of which 197 were up 167 were down and 21 were unchanged.
Commercial Banks was the top traded sector with total traded volume of 60,105,300 shares. It was followed by Technology and Communication with a total traded volume of 56,825,000 shares.
The three top traded companies were P.T.C.L. with a volume of 18,045,000 and price per share of 22.11 (0.36), Fauji Fert Bin with a volume 15,816,500 of price per share of 61.40 (0.14), K-Electric Ltd. with a volume 13,469,500 of price per share of 8.01 (0.01).
The top three advancers were Sapphire Fiber with price per share 633.93 (30.18), Bhanero Tex. with price per share of 566.00 (26.00) and Packages Ltd. share of 630.00 (17.59).
The top three decliners were Rafhan Maize with price per share of 9950.00 (-518.96), Colgate Palmolive with price per share of 1522.00 (-78.00) and Atlas Battery share of 762.00 (-11.00).
High and low were 35785.65 and 35274.66 respectively. Total volume traded in the market was 173,546,720 shares.


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