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KSE 100-Index sheds 483.61 points

KARACHI: Trading at Karachi Stock Exchange (KSE) remained bearish for sixth straight day on Thursday as investors stayed cautious amid June- end closing while selling by institutions and foreign investors also impacted negatively on the overall market sentiments.

KSE 100-Index plunged by 1.66 per cent or 483.61 points to 28,674.37 points on Thursday as compared to 29,157.98 points posted on Wednesday.

High and Low were 29213.11 and 28553.91 respectively.

Total volume traded in the market was 216,242,686 and in terms of value it was 12,152,255,230.

Total traded companies were 365, among them 54 advanced, 298 declined while 13 went unchanged.

Lafarge Pakistan, Fauji Cement, and Pakistan Telecommunication Company Limited were the top traded companies with turnovers of 16. 709 million shares, 14.095 million shares, and 13.278 million shares, respectively.

Rafhan Maize was the top performer with increment of 199 rupees (1.99 dollars) to 10,799 rupees (107.99 dollars) while on the other hand Pakistan Tobacco led the major price shedders with decrement of 64.66 rupees (64.66 U.S. cents) to 1,322.67 rupees ( 13.23 dollars).

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