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Pak Elektron : Stock recovers losses of 139points, up 0.43 on political uncertainty

04/16/2015 | 09:52am US/Eastern

The Karachi Stock Exchange benchmark 100-index lost 138.99 points or 0.43 percent to reach 32248.86 points and volume of 163,774,670 shares on Wednesday.

At midday trading, the benchmark 100-index witnessed fluctuation in the trading and lost the early gains, however, it remained in green zone.

CEMENT were the top traded sector with total traded volume of 44,819,400 shares. It was followed by INV. BANKS / INV. COS. / SECURITIES COS. with a total traded volume of 30,452,500 shares.

The three top traded companies were Jah.Sidd. Co. with a volume of 27,705,000 and price per share of 21.24 (1.01), TRG Pak Ltd with a volume 18,105,500 of price per share of 19.78 (1.00), Pak Elektron with a volume 17,417,500 of price per share of 62.08 (2.95).

The top three advancers were Archroma Pak with price per share 480.53 (12.33), Highnoon (Lab) SPOT with price per share of 283.43 (12.08) and J.D.W.Sugar share of 262.99 (11.65).

The top three decliners were Nestle PakXD with price per share of 10100.00 (-210.00), Siemens Pak. with price per share of 1157.40 (-23.27) and Island Textile per share of 787.55 (-41.44).

Earlier, the Karachi Stock Exchange, breaking the bearish spell, opened with positive note, recouping the previous losses. The benchmark 100-index gained mammoth 315 points to reach 32424.93 points, with total volume of 34,034,400 shares.

On Tuesday, the KSE lost 138.58 points or 0.43 percent to reach 32109.87 points and volume of 180,213,450 shares on institutional offloading ahead of budget proposals.

The High and Low of today trading were 32431.07 and 32109.87 respectively with the total volume traded in the market of 163,774,670.

© Pakistan Press International, source Asianet-Pakistan

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