KARACHI: Despite gaining some early losses, the Pakistan Stock Exchange (PSX) remained in negative zone dropping 131.62 points to reach 31150.82 points level till midday on Friday.
The stocks recorded the highest trading level of 31295.00 points and lowest level of 30946.36 points, with the volume of 67.47 million shares, having about Rs3.52 billion value. As many as 248 companies were active; of which 51 advanced, 189 declined and 8 remained unchanged.
Commercial banks was the top traded sector with 24,435,600 volume, while technology & communication remained second with 16,607,000 volume.
The three top traded companies were TRG Pak Ltd with a volume of 5,883,500 and price per share of 25.06 (-0.97), National Bank with a volume 4,601,500 of price per share of 57.51 (2.73), and Engro Fert with a volume 3,506,000 of price per share of 69.49 (-2.28).
The top three gainers were Sapphire Fiber with price per share 657.50 (23.50), Ghandhara Ind with price per share of 414.35 (16.44) and JD W Sugar price per share of 395.99 (13.08).
The top three losers were Murree Brewery with price per share of 776.76 (-36.90), Ferozsons (Lab) XD with price per share of 775 (-20.21) and Khyber Tobacco per share of 349.60 (-18.40).
Earlier, the bearish trend opened another trading day as the PSX shed 258.74 points to reach 31023.70 points level in early trading.
On Thursday, the PSX laid off early gains to end its fourth session in the red zone, defying trends of the global markets and crude oil. Stock markets climbed up on Thursday after rebound in prices of crude oil. The benchmark KSE-100 rose up by 238.19 points trading early but midday profit taking dragged it down 220.34 points. It later settled at 31,282.44, shedding 187.26 points. The market volumes stood at 130.024 million with commercial banks in the lead.
