Karachi (PPI Bot): The Karachi Stock Exchange (KSE) witnessed a downturn in its major indices on 17th November 2023, according to the daily stock market report. The KSE-100 index, a benchmark for market performance, decreased by 333.87 points, closing at 57,063.16. Similarly, the KSE-30 index fell by 172.45 points, ending at 19,046.83. Other indices, including the KSE-ALLSHR, KMI-30, BATi, OGTi, and PSX-KMI, also experienced declines.

The trading session saw 189 companies' stock prices rise, while 170 declined, and 18 remained unchanged out of 377 traded companies. The day’s high and low for the KSE-100 index were 57,750.93 and 56,977.02, respectively. Market turnover decreased from the previous day, with 901,596,869 shares traded, valued at PKR 23,428,575,744.

Significant turnover was noted in several companies. WorldCall Telecom led with a turnover of 176,714,079 shares, closing at PKR 1.59 per share. K-Electric Ltd. followed, trading 76,300,648 shares and closing at PKR 3.29. Other notable turnovers were observed in Fauji Foods Ltd., Hum Network, Cnergyico PK, Pak Refinery, Sui North Gas, Pak Elektron, Telecard Limited, and The Searle Co.

The market also reported major increases and decreases in company rates. Unilever FoodsXD’s stock increased by PKR 1000.00, closing at PKR 23,000.00, while Rafhan Maize rose by PKR 671.25, closing at PKR 9621.25. Conversely, Nestle Pakistan decreased by PKR 200.00, closing at PKR 8600.00, and Sapphire Tex fell by PKR 81.22, ending at PKR 1017.77.

In the futures contract segment, WorldCall Telecom (WTL-NOV) led the turnover with 17,232,500 shares, followed by Pak Refinery (PRL-NOV), Fauji Foods (FFL-NOV), Cnergyico (CNERGY-NOV), and Hum Network (HUMNL-NOV).