KARACHI: Opened with positive note, the Pakistan Stock Exchange (PSX) witnessed a rollercoaster day shedding 254.99 points to drop to 31673.16 points level at closing on Tuesday.
The stocks recorded the highest trading level of 32159.26 points and lowest level of 31608.70 points, with the volume of 166.74 million shares, having about Rs9.44 billion value. As many as 325 companies were active; of which 99 advanced, 204 declined and 22 remained unchanged.
Oil & gas marketing companies was the top traded sector with 26,254,000 volume, while cement remained second with 25,366,800 volume.
The three top traded companies were Sui North Gas with a volume of 14,151,500 and price per share of 25.04 (0.04), Fauji Cement with a volume 13,036,000 of price per share of 39.56 (0.08), and Dewan Motors with a volume 12,579,000 of price per share of 9.08 (0.99).
The top three gainers were Bata (Pak) with price per share 3400 (100), Shield Corp with price per share of 644 (27.82) and Sapphire Fiber price per share of 663.50 (15.60).
The top three losers were Wyeth Pak Ltd with price per share of 1900 (-100), Ferozsons (Lab)SPOT with price per share of 808.55 (-32.16) and Siemens Pak.XD per share of 837.88 (-32.11).
Earlier, the Pakistan Stock Exchange (PSX) opened bearish, gaining 75.73 points to cross psychological barrier of 32,000 points and reached 32003.88 points in early trading.
On Monday, the PSX closed bullish on strong valuations amid major recovery in global stocks and commodities. Global markets & international oil prices rallied, which led the PSX shares index to close up by 464 points or 1.47% at 31928.15 points level. Traded volume decreased by 26% to 89m shares, while traded value also decreased by 18.5% at Rs5.7b/$54m. Index heavy weights like PPL, OGDC and HBL rose by 3-5% yesterday which contributed to its rise. Total 329 active companies participated in the session, of which 214 closed in advance, 93 in decline while 22 went unchanged.
