KARACHI: The Karachi Stock Exchange Monday witnessed a severe bearish trend and plunged -0.90 per cent or 297 points to 32632 points with the total volume of 40,909,340 shares till midday.
The benchmark KSE 100-inded traded at highest level of 32961.84 and lowest level of 32631.94 with 264 total traded companies out of which 93 were up, 160 were down and 11 were unchanged.
Earlier, the country’s biggest stock started week with negative note as the benchmark KSE 100-index down 0.28 per cent, losing 92 points and dropped to 32837 points.
Till midday, the construction and Materials (Cement) was the top traded sector with total traded volume of 11,723,600 shares. It was followed by Commercial Banks with a total traded volume of 5,715,800 shares.
MapleLeafCement XD was top traded company with a volume of 7,268,000 and price per share of 53.85 (0.64), followed by TRG Pak Ltd with a volume 6,697,500 of price per share of 15.74 (0.16) and P.I.A.C.(A) with a volume 2,197,000 of price per share of 9.30 (0.04).
Meanwhile, the top three decliners were Unilever Foods with price per share of 8800.00 (-224.10), Bata (Pak) with price per share of 3700.00 (-49.99) and Sapphire Fiber per share of 542.00 (-28.00).