KARACHI: The Pakistan Stock Exchange (PSX) Tuesday remained in negative zone whole the day but recovered almost all the losses in last session, however, the bears attacked again in the last minutes, slashing 54.40 points to close the 100-index at 32265.65 level.
The stocks recorded the highest trading level of 32330.19 points and lowest level of 32005.22 points, with the volume of 127.4 million shares, having over Rs7.635 billion value. As many as 306 companies were active; of which 81 advanced, 205 declined and 20 remained unchanged.
The three top traded companies were TRG Pak Ltd with a volume of 16,328,500 and price per share of 30.91 (-0.98), TPL Trakker Ltd with a volume 5,765,500 of price per share of 11.82 (-0.99), and Fauji Cement with a volume 5,042,500 of price per share of 37.97 (0.28).
The top three gainers were Hinopak Motor with price per share 1173.71 (47.34), Siemens Pak.SPOT with price per share of 880 (39.24) and Ghandhara Ind price per share of 375.10 (17.86).
The top three losers were Rafhan Maize with price per share of 8300 (-400), Mari Petroleum with price per share of 669.43 (-32.77) and Millat Tractors per share of 500.78 (-23.57).
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. Despite recouping some early losses, the stocks remained in negative zone, losing 42.35 points to reach 32277.70 level till midday.
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.
