KARACHI: Dull activity prevailed in the Pakistan Stock Exchange, which closed earlier on the last trading day on Friday. The benchmark 100-index, losing 37,000 mark, dropped huge 473.38 points to close at 36940.88 points level.
The stocks recorded the highest trading level of 37459.92 points and lowest level of 36828.82 points, with the volume of 109 million shares, having over Rs 7 billion value. As many as 315 companies were active; of which 58 advanced, 244 declined and 13 remained unchanged.
Power generation & distribution was the top traded sector with 17,499,200 volume, while transport remained second with 9,784,400 volume.
The three top traded companies were K-Electric Ltd with a volume of 13,893,500 and price per share of 8 (0.00), Pak Int.Bulk with a volume 9,245,500 of price per share of 32.40 (-0.61), TRG Pak Ltd with a volume 4,599,500 of price per share of 34.10 (-1.60).
The top three gainers were Rafhan Maize with price per share 8700 (301), Bata (Pak)with price per share of 3799 (99) and National Refin price per share of 425.50 (12.83).
The top three losers were Mari Petroleum with price per share of 922.30 (-45.04), Indus Dyeing with price per share of 520 (-25) and Colgate Palmo per share of 1500 (-24).
Earlier, the lacklustre activity seen in the early trading at Pakistan Stock Exchange as benchmark 100-index shed huge 376.02 points to drop to 37038.24 points level till 10:30am.
On Thursday, the weak sentiments were witnessed at the stock market as the 100-share index declined by 12 points (0.03%) to close at 37414.26 points. Stock market opened on a positive note and made an intra-day high of 112 points but came under selling pressure during the late hours of trade, as the index lost value to close down 12 points. Volumes decreased by 2% to 140m shares while value also decreased by 11.5% to Rs 6.8 billion. KEL and PIBTL were volume leaders with combined traded volume of 40m shares. Cement stocks went down following the budget. DGKC, MLCF and LUCK declined by 0.1%- 0.5%. International oil prices gained which led interest in local oil stocks. POL, PPL and OGDC closed up by 0.6%, 0.6% and 0.1% respectively.
