KARACHI: Despite opened with negative note, the Pakistan Stock Exchange (PSX) gained 74.91 points to reach 32951.46 points level till midday.
The stocks recorded the highest trading level of 32986.89 points and lowest level of 32736.74 points, with the volume of 44.63 million shares, having about Rs2.48 billion value. As many as 254 companies were active; of which 134 advanced, 100 declined and 20 remained unchanged.
Cement was the top traded sector with 20,910,600 volume, while oil & gas marketing companies remained second with 15,690,700 volume.
The three top traded companies were Dewan Cement with a volume of 3,683,500 and price per share of 13.10 (0.32), Dewan Motors with a volume 2,720,000 of price per share of 9.60 (0.32), Fauji Cement XD with a volume 2,598,000 of price per share of 42.39 (0.12).
The top three gainers were Unilever Foods with price per share 5500 (200), Bata (Pak) with price per share of 3400 (40) and Atlas Battery price per share of 565 (19.99).
The top three losers were Shezan Inter with price per share of 446.50 (-23.50), Murree Brewery with price per share of 800 (-19.90) and AKD Capital per share of 156 (-5.98).
Earlier, the Pakistan Stock Exchange (PSX) opened week with negative note and lost 88.23 points in early trading to reach 32788.32 points level.
Last week, the local bourses witnessed dull activity. Average daily volumes fell 32 percent to 112.9m shares as traded volume hit 2-month low in Thursday’s trading session. Average daily value declined 33 percent to Rs5.3 billion/$50.6 million, levels that were seen in May 2015. Industrial metals & mining and beverages were two of the few gainers on a sector level over the week as they increased by 3.5 percent and 2.6 percent, respectively. Automobile & parts and commercial banks fell 4 percent and 3.4 percent, respectively. Foreigners were net sellers of $2.3m this week. Net selling was seen in oil & gas exploration and chemicals sector of $2.6m and $2.4m, respectively. Net buying of $2.8m was witnessed in cement sector.
