Tuesday , September 29 2020
Breaking News
Home / Breaking News / Closing: KSE surrenders 30,000-plus level, plunges 411 points in 3 days
Closing: KSE surrenders 30,000-plus level, plunges 411 points in 3 days

Closing: KSE surrenders 30,000-plus level, plunges 411 points in 3 days

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 138.54 points to reach 29982.45 points and volume of 80,322,100 shares on Thursday.

Earlier, benchmark KSE 100-index took a good start in a bid to recoup losses of the last two days and gained 66.73 points or 0.22 per cent to reach 30187.72 till 10:00am. In midday trading, market shed 50.02 points to reach 30070.97 with the volume of 3,462,250,361 shares.

The highest increase witnessed in price of the Bata (Pak) with price per share 3706.50 (176.50), Exide (PAK) with price per share of 1160.79 (55.27) and Siemens Pakistan share of 1125.96 (53.61), while the Colgate Palmolive with price per share of 1451.00 (-39.00), Philip Morris Pak. with price per share of 825.73 (-23.77) and Atlas Battery per share of 695.31 (-17.74) remained the biggest losers of the day.

As a whole 30.86 per cent of companies witnessed increase in their shares while 30.03 per cent lost their share value and 3.30 per cent companies remained stable.

High and Low were 30195.69 and 29943.67 respectively. Total volume traded in the market was 80,322,100 shares with 321 total traded companies out of which 187 were up, 182 were down and 20 were unchanged.