KARACHI: The Pakistan Stock Exchange (PSX) Tuesday bounced back in last session after witnessing bearish note all the day as benchmark 100-inded added 50.68 point to take the tally to 33616.90 points on Tuesday.
The stocks recorded the highest trading level of 33675.59 points and lowest level of 33415.93 points, with the volume of 156.49 million shares, having about Rs6.82 billion value. As many as 313 companies were active; of which 157 advanced, 129 declined and 27 remained unchanged.
Technology & communication was the top traded sector with 30,361,000 volume, while transport remained second with 13,780,300 volume.
The three top traded companies were TRG Pak Ltd with a volume of 25,639,500 and price per share of 33.26 (0.13), Descon Chemical with a volume 8,783,000 of price per share of 7.80 (0.27), PIAC (A) with a volume 7,242,500 of price per share of 8.10 (-0.47).
The top three gainers were Colgate Palmo with price per share 1499.99 (39.99), Sunrays Textile with price per share of 428 (20) and Siemens Pak price per share of 800 (20).
The top three losers were Nestle Pak SPOT with price per share of 7700 (-239), Pak Tobacco SPOT with price per share of 1269.30 (-66.70) and Indus Dyeing per share of 721.37 (-37.96).
Earlier, the stocks opened negative as the benchmark KSE 100-share index declined by 78.51 points to reach 33487.71 points level in early trading. The bearish note reduced till midday but the PSX remained in negative zone as benchmark 100-inded dropped 24.83 point to reach 33541.39 points.
On Monday, the Pakistan Stock Exchange (PSX) dropped 401.32 points (down 1.18%) to close at 33,566.22 points. Volatility prevailed in session as the market took a nosedive after making an intra-day high of 187 points to close in red zoned. Major reason for negative sentiments at the bourse was fall in global crude oil prices and increasing noise on the domestic political front. Major laggards in the oil sector were PSO, down 2.01%, and ATRL that declined 2.02%. Volume increased by 14% to 224m shares while value increased by 30% to Rs 10.2b/$98m.
