KARACHI: The Pakistan Stock Exchange Tuesday witnessed fluctuation in trading over profit-taking and closed negative as benchmark 100-index lost 44.37 points to drop to 39208.88 points level.
The stocks recorded the highest trading level of 39291.65 points and lowest level of 39017.92 points, with the volume of over 178 million shares, having about Rs 13.30 billion value. As many as 344 companies were active; of which 142 advanced, 180 declined and 22 remained unchanged.
Oil & gas marketing companies was the top traded sector with 33,359,300 volume, while fertilizer remained second with 24,598,400 volume
Engro Fert was the volume leader with 13.67 million shares, gaining Rs 0.56 to finish at Rs 66.94. It was followed by Sui North Gas with 13.36 million shares, losing Rs 0.38 to close at Rs 42.33 and PTCL with 9.7 million shares, losing Rs 0.01 to close at Rs 16.08.
The top three gainers were Rafhan Maize with price per share 7389.99 (39.99), Ghandhara Ind with price per share of 479.01 (21.34) and PSO price per share of 415.84 (19.80).
The top three losers were Nestle Pak with price per share of 7525 (-299.50), Bata (Pak) with price per share of 3880 (-197.33) and Pak Tobacco per share of 1124 (-17.32).
Earlier, the stocks opened positive but started shedding gains and dropped 57 points to reach 39196.37 points level in early trading. The PSX remained under pressure till midday and lost 31.45 points to drop to 39221.80 points level.
On Monday, the PSX witnessed a weak session, as bears remained in control for majority of the day. Investors resorted to profit taking in early trading hours after indexes recorded several new all time highs in the past week. The benchmark KSE-100 index continued its range bound trading, as the index took a dip in the afternoon by 281 points to 38,905.61, but later recovered to touch intra-day high of 39,269.14, a gain of 76 points. The index closed marginally up at 39,253.25 after appreciation of 64.78 points. The advancers to decliner’s ratio stood at 153 to 147. The market volumes contracted from 199.80 million to 172.00 million.
