KARACHI: Opened with negative note, the Pakistan Stock Exchange (PSX) Wednesday witnessed fluctuation till the last session and gained 123.45 points before closing at 32084.06 points level.
The stocks recorded the highest trading level of 32183.94 points and lowest level of 31778.07 points, with the volume of 147.25 million shares, having over Rs8.015 billion value. As many as 313 companies were active; of which 184 advanced, 113 declined and 16 remained unchanged.
Cement was the top traded sector with 23,747,500 volume, while power generation & distribution remained second with 15,869,500 volume.
The three top traded companies were Pak Elektron XR with a volume of 8,385,500 and price per share of 64.60 (1.42), Dewan with a volume 8,010,500 of price per share of 13.02 (0.36), and Dewan Salman with a volume 7,683,000 of price per share of 2.42 (0.50).
The top three gainers were Siemens Pak.XD with price per share 930 (30), Shield Corp with price per share of 616.18 (29.34) and Mari Petroleum price per share of 641.10 (25.55).
The top three losers were Indus Dyeing with price per share of 807.50 (-42.49), ICI Pakistan with price per share of 450 (-9.75) and Mehmood Tex per share of 186 (-9).
Earlier, the PSX opened negative after a long bullish spell as KSE-100 index dropped 75.99 points to reach 31884.62 points level in early trading. The stocks witnessed fluctuation in trading as KSE-100 index lost 25.96 points to drop to 31934.65 points level till midday.
On Tuesday, the stocks closed bullish led by banking and cement sector scrip on strong earnings outlook. The PSX index was up on the back of banks & cements to close at 31960.61 points, gaining 82.64 points, up by 0.26pc. Traded volume increased by 7.5pc to 144.3mn shares, while traded value increased 6pc to Rs8.58bn/US$81.7mn. Banks continued their momentum today from yesterday to close in green. BAFL, HBL & UBL closed up by 4.03pc, 2.73pc & 1.34pc respectively, stated analysts at major brokerage.
