Business

KSE suffers worst decline of 1309.09 points

KARACHI: Karachi Stock Exchange (KSE) on Monday witnessed history’s worst single-day decline in terms of points losing 1309.09, ARY News reported.

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The benchmark KSE 100-Index plummeted by 4.46 percent to 28,071.41 points on Monday as compared to 29,380. 50 points on Friday.

High and Low were 29380.50 and 28037.37 respectively.

Total volume traded in the market was 231,860,730 and in terms of value it was 10,545,108,953.

Total traded companies were 352, among them 14 advanced, 329 declined while 9 went unchanged.

Top Three Traders

Lafarge Pakistan Limited with turnovers of 19.706 million shares
Bank of Punjab with turnovers of 18.306 million shares.
Fauji Cement with turnovers of 12.266 million shares.

Top Three Advancers

Indus Dyeing with price per share 698.00 (19.70).
Khyber Tobacco with price per share of 377.90 (8.75).
Sitara Chemical share of 289.99 (5.98).

Top Three Decliners

Rafhan Maize with price per share of 10260.00 (-540.00).
Nestle Pak. with price per share of 7220.00 (-380.00).
Wyeth Pak Ltd per share of 2900.01 (-150.01).

KSE nose-dived by over 1300 points amid political turmoil in the country after protest campaign against the government announced by Pakistan Tehreek i Insaf (PTI) and Pakistan Awami Tehreek (PAT).

The bearish trend ruled the business activity in Karachi stock market as uncertainty prevails over political horizons in Pakistan after announcement of protest by the political opposition over alleged irregularities in general elections of the country held in May 2013.

 

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