Business

KSE 100-Index halts after military operation

KARACHI: Ongoing military operation against militants in North Waziristan halts the progress of Karachi Stock Market, ARY News reported.

KSE 100-Index on Monday lost 79.82 points ending the trading day at 29651.04 points.

High and Low were 29651.04 and 29626.57 respectively.

Total volume traded in the market was 141,955,934 and in terms of value it was 7,918,432,119.

Total traded companies were 344, among them 86 advanced, 227 declined while 31 went unchanged.

The three top traded companies were Fauji Cement with a volume of 10,469,500 and price per share of 20.44 (0.37), Dewan Motors with a volume 4,850,500 of price per share of 8.40 (0.08), D.G.K.Cement with a volume 3,701,500 of price per share of 91.12 (1.30).

Colgate Palmolive with price per share 1863.86 (88.75), Shezan Inter with price per share of 844.50 (34.50) and Hinopak Motor SPOT share of 568.68 (27.08) were top three advancers while Rafhan Maize with price per share of 10830.00 (-570.00), Wyeth Pak Ltd with price per share of 4500.01 (-152.99) and Murree Brewery per share of 992.25 (-45.75) were top three decliners.

According to analysts, due to ongoing military operation investors remained cautious while trading and preferred selling instead of buying.

 

 

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