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Bourse closes in the red with 1,800 points

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  • Post category:Business / Economy
  • Post last modified:01/06/2017
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KARACHI: The stock exchange remained inactive today and ended on a negative note, with the benchmark KSE-100 index losing 1,810.76 points.

Volumes surged for the second day in a row and the bourse closed at 48,780.81 points.

Rs. 23.6 billion worth of 197.1 million shares were traded during today’s session. Of the companies that traded, stocks of 7 remained stagnant, 343 declined and 38 gained in value.

Today’s volumes were led by commercial banking stocks. The top five leaders were:

K-Electric Ltd  46.74m shares (-5.19pc)

Bank of Punjab, 27.6m shares (-15.44pc)

Power Cement (R), 23.72m shares (-14.58pc)

United BankXD: 15.87m shares traded [-4.78pc]

Engro Polymer: 12.56m shares traded [-2.48pc].