Business

Political tension drags KSE 100-Index to recession

KARACHI: Karachi Stock Market on Wednesday closed lower on 29382.97 points with the negative change of 293.44 points or -0.99 per cent, ARY News reported.

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High and Low were 29676.41 and 29299.18 respectively.

Total volume traded in the market was 106,509,169 and in terms of value it was 5,701,072,821.

Total traded companies were 315, among them 64 advanced, 230 declined while 21 went unchanged.

Top Three Traders

Pak Int.Bulk with a volume of 3,109,500 and price per share of 23.09 (0.15).
National Bank. with a volume 2,638,000 of price per share of 59.82 (0.07).
Fauji Fert Bin with a volume 1,514,000 of price per share of 38.50 (0.05).

Top Three Advancers

Wyeth Pak Ltd with price per share 3296.33 (56.28).
Shezan Inter with price per share of 990.00 (28.69).
Atlas Battery share of 480.91 (22.90).

Top Three Decliners

Nestle Pak. with price per share of 7600.00 (-150.00).
Pak Tobacco with price per share of 1097.25 (-57.74).
Indus Dyeing per share of 678.30 (-35.69).

According to analysts the political disturbance has dragged the KSE-100 Index into the wave of recession.

 

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