KARACHI: Despite recouping some early losses, the Pakistan Stock Exchange (PSX) remained in negative zone, losing 42.35 points to reach 32277.70 level till midday on Tuesday.
The stocks recorded the highest trading level of 32323.83 points and lowest level of 32005.22 points, with the volume of 63,694,970 shares, having over Rs3.64 billion value. As many as 235 companies were active; of which 68 advanced, 151 declined and 16 remained unchanged.
Despite decline in price shares, the three top traded companies were TRG Pak Ltd with a volume of 12,610,500 and price per share of 30.90 (-0.99), Pak Elektron with a volume 2,736,500 of price per share of 66.55 (-1.03), and Jah Sidd Co with a volume 2,522,000 of price per share of 19.85 (-0.51).
The top three gainers were Hinopak Motor with price per share 1139.94 (13.57), Ghandhara Ind with price per share of 369.80 (12.56) and Pak Suzuki price per share of 527 (10.52).
The top three losers were Millat Tractors with price per share of 505 (-19.35), Khyber Tobacco with price per share of 351.50 (-18.50) and Ferozsons (Lab) per share of 1249 (-13.62).
Earlier, the bearish trend opened the second day of newly-inaugurated Pakistan Stock Exchange Ltd (PSX) as the 100-inded shed 221.53 points to drop to 32098.52 points level.
The first day of the PSX also witnessed bearish trend due to selling by local investors. The benchmark KSE 100-index declined by 214.80 points to close at 32,320.05 points. Total volume decreased 21% to 86m shares while traded value declined by 27% to Rs 5.2b. Of total 309 traded companies in the session, 215 closed in decline, 72 in advance while 22 remained unchanged.
