KARACHI: The dull activity continued at Pakistan Stock Exchange on Wednesday as the benchmark 100-index further shed 171.17 points to drop to 39615.76 points level at closing.
Monday remained bullish whole the day as benchmark 100-index gained 271.82 points to close at another record high of 39800.64 points.
The stocks recorded the highest trading level of 39833.66 points and lowest level of 39594.08 points, with the volume of over 227.61 million shares, having about Rs 10.61 billion value. As many as 359 companies were active; of which 151 advanced, 179 declined and 29 remained unchanged.
Cement was the top traded sector with 36,099,300 volume, while technology & communication remained second with 27,152,500 volume.
Dewan Cement was the volume leader with 21.96 million shares, gaining Rs 0.07 to finish at Rs 17.01. It was followed by Pak Elektron with 14.03 million shares, adding Rs 1.39 to close at Rs 73.09 and TRG Pak Ltd with 13.38 million shares, gaining Rs 13.38 to close at Rs 36.25.
The top three gainers were Rafhan Maize with price per share 7450 (50), Nestle Pak with price per share of 7479.99 (48.74) and Highnoon (Lab) price per share of 637.69 (22.92).
The top three losers were Pak Tobacco with price per share of 1098.81 -57.19), Island Textile with price per share of 855 (-45) and Colgate Palmo per share of 1460.69 (-39.31).
Earlier, the PSX opened positive, gaining 33.56 points to reach 39820.49 points level in early trading. The stocks again lost the early gains till midday as the benchmark 100-index shed 80.20 points to drop to 39706.73 points level.
On Tuesday, the stocks failed to carry forward gains of the last session and witnessed a wavy session. The benchmark KSE-100 index ended the weak session slightly down by 13.71 points at 39,786.93. The index, which made a new all-time high in the previous session, could manage a high of only 59.93 points during the session, up to 39,860.57. The advancers to decliners’ ratio stood at 175 to 129. The market volumes surged to 225.85 million from 203.74 million.
The cement sector led the volume chart with 48.13 million shares traded. Dewan Cement Limited (DCL +5.02%) topped both the volume and percentage price gain table. Bestway Cement Limited (BWCL +5.00%) and Pakcem Limited (PAKCEM +4.99%) both hit another upper lock while top player, Lucky Cement Limited (LUCK -3.99%), dropped to the bottom of the sector along with Maple Leaf Cement Factory Limited (MLCF -1.51%).
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