KARACHI: The Pakistan Stock Exchange Monday witnessed bearish activity as benchmark 100-index shed 149.39 points to drop to 36544.11 points level till midday.
The stocks recorded the highest trading level of 36740.20 points and lowest level of 36433.48 points, with the volume of 119 million shares, having about Rs 5 billion value. As many as 306 companies were active; of which 153 advanced, 137 declined and 16 remained unchanged.
The three top traded companies were Jah.Sidd. Co with a volume of 10,836,500 and price per share of 23.48 (-0.02), Pak Int.Bulk with a volume 10,536,000 of price per share of 33.65 (0.62), Dewan Cement with a volume 7,290,500 of price per share of 17 (0.26).
The top three gainers were Island Textile with price per share 880 (40), Indus Dyeing with price per share of 593.26 (28.25) and National Refin price per share of 376.93 (17.94).
The top three losers were Pak Tobacco with price per share of 1110 (-37.15), Sanofi-AventisXD with price per share of 555 (-23.06) and Sunrays Textile per share of 342.90 (-18.05).
Last week, after touching an all-time high, the KSE-100 closed 1.6 percent WoW higher on account of review of Pakistan re-entering the MSCI EM index after eight years and uptick in crude oil prices. Activity during the week improved as average daily volumes improved to 325mn shares (+10.5 percent WoW), while average daily value traded witnessed an increase of 1.4 percent to Rs11.4m. Foreigners though remained net sellers of $7m during the week.
Foreigner’s activity was abnormal as they bought shares worth $62.8m and sold $69.8m in the outgoing week. Major activity was seen in Chemical sector with net buying $2.1m and Banks with net selling of $3.6m.
