KARACHI: The Pakistan Stock Exchange Wednesday witnessed another bearish day over continued profit-taking as benchmark 100-index lost 110.09 points to drop to 39098.79 points level.
The stocks recorded the highest trading level of 39288.62 points and lowest level of 38945.96 points, with the volume of over 232.30 million shares, having about Rs 14.56 billion value. As many as 344 companies were active; of which 136 advanced, 165 declined and 43 remained unchanged.
Oil & gas marketing companies was the top traded sector with 53,080,000 volume, while power generation and distribution remained second with 23,800,200 volume
Sui North Gas was the volume leader with 23.25 million shares, gaining Rs 1.43 to finish at Rs 43.67. It was followed by Sui South Gas with 14.61 million shares, gaining Rs 0.47 to close at Rs 30.70 and K-Electric Ltd with 14.19 million shares, adding Rs 0.14 to close at Rs 8.26.
The top three gainers were Indus Motor Co with price per share 1117.11 (31.36), Ghandhara Ind with price per share of 495.85 (15.99) and Thal Limited price per share of 308.58 (14.69).
The top three losers were Nestle Pak with price per share of 7525 (-225), Rafhan Maize with price per share of 7300 (-89.99) and Sanofi-Aventis per share of 537.35 (-28).
Earlier, the PSX again started losing points soon after taking a ‘good start’ and shed 131.66 points to reach 39077.22 points level. The bearish note continued to persist till midday as the PSX benchmark 100-index lost 209 points, losing the psychological barrier of 39,000 points to reach 38999.87 points level.
On Wednesday, the stocks witnessed a volatile session and the indexes traded in a narrow band. Moderate volumes were recorded but the index failed to find a clear direction. The KSE-100 index rose up into the green zone several times before it closed marginally down. The index traded in a limited range of 159 points with a high of 39,322.69 and a low of 39,208.88, down 44.37 points. The market volumes improved slightly from previous session to 178.07 million. The oil and gas marketing sector led the volume charts with 33.36 million shares exchanged. Sui Northern Gas Pipeline Limited (SNGP -0.96%) was top traded again but this time ended lower.
