KARACHI: The Pakistan Stock Exchange Thursday witnessed volatility in the last session and lost all the early gains as the benchmark 100-index closed negative, shedding 47.71 points to reach 33572.13 points level on Thursday.
The stocks recorded the highest trading level of 33917.26 points and lowest level of 33493.54 points, with the volume of 376 million shares, having about Rs15.33 billion value. As many as 367 companies were active; of which 120 advanced, 215 declined and 32 remained unchanged.
Technology & communication was the top traded sector with 35,954,500 volume, while fertilizer remained second with 28,651,100 volume.
The three top traded companies were Dewan Motors with a volume of 22,403,000 and price per share of 11.91 (0.06), Byco Petroleum with a volume 17,684,500 of price per share of 21.28 (-0.80), Pace (Pak) Ltd with a volume 16,921,500 of price per share of 6.54 (-0.19).
The top three gainers were Nestle Pak XD with price per share 7220 (220), Bata (Pak)XD with price per share of 3300 (69.95) and Pak TobaccoXD price per share of 1131.07 (53.86).
The top three losers were Unilever FoodsXD with price per share of 5400 (-39), Indus Dyeing with price per share of 690 (-31.37) and Service Ind.LtdXD per share of 819 (-31).
Earlier, the Pakistan Stock Exchange Thursday started positive by gaining 80.25 points to reach 33700.09 points level in early trading. The upward rally continued till midday as benchmark 100-index added 226.76 points to reach 33846.60 points level.
On Wednesday, the stocks witnessed a decline by 109 points (0.33 per cent) to close at 33619.84 points. The market saw profit taking with the cement sector leading the decline on lower than expected numbers of key players. CHCC, down 2.78 per cent, announced its 9MFY16 result, announcing EPS of Rs 5.91/share, which was lower than expectation of Rs6.24/share. Positivity was witnessed in the refineries on the back of strong gross refining margins prevailing in the sector as NRL rose 4.36 per cent. SNGP, up 3.52 per cent, rallied after announcing its 3Q16 result, posting an EPS of Rs 0.002/share. Volume increased by 9 per cent to 262m shares while value increased by 17 per cent to Rs 10.3b/$99m. Continued interest was observed in BYCO which led the stock to close up by 3.9 per cent.
