KARACHI: The Pakistan Stock Exchange Tuesday shed all the early gains at the last session as the benchmark 100-index added 11.75 points to reach 36137.12 points level at closing.
The stocks recorded the highest trading level of 36390.41 points and lowest level of 36100.02 points, with the volume of 274 million shares, having about Rs 11.41 billion value. As many as 355 companies were active; of which 135 advanced, 198 declined and 22 remained unchanged.
Transport was the top traded sector with 57,992,900 volume, while technology & communication remained second with 29,768,000 volume.
The three top traded companies were Pak Int.Bulk with a volume of 59,382,500 and price per share of 32.17 (1.40), TRG Pak Ltd with a volume 21,811,000 of price per share of 35.91 (-1.20), Dewan Motors with a volume 10,414,000 of price per share of 16.72 (0.46).
The top three gainers were Ferozsons (Lab) with price per share 932.27 (44.39), Sanofi-AventisXD with price per share of 640 (18) and Gillette Pak price per share of 298 (13.95).
The top three losers were Bata (Pak)XD with price per share of 3300 (-100), Unilever Foods with price per share of 5125 (-100) and Sapphire Tex per share of 689.70 (-36.30).
Earlier, the Pakistan Stock Exchange (PSX) Tuesday bounced back with 196.14 points and reached 36321.51 points level in early trading. The upward rally continued till midday at the PSE as the benchmark 100-index added 192.53 points to reach another all-time high points level of 36317.90.
On Monday, bearish activity was observed in local bourse with range bound activity, as index closed up by just 2.88 points to close at 36,125.37 points. Volatility prevailed in the market as the index traded between an intraday high of 120 points and intraday low of 32 points to finally close on a flattish note (0.01percent). Profit taking was witnessed in MUGHAL (down 1.63 percent), as investors came in to book their profits after the scrip closed on its upper circuit on Friday on the back of news that it has been contracted by FWO to supply steel bars for M9 project on eastern route of CPEC project.
In the E&P sector OGDC (1.46 percent), POL (1.67 percent) and PPL (0.75 percent) gained to close in the green zone as the crude oil prices increased to trade above $37/bbl level, dealers said. Volume decreased by 30 percent to 220 million shares while the value decreased by 15 percent to Rs 7.5 billion.
