KARACHI: The Pakistan Stock Exchange once again opened positive but dipped 1.40 per cent till closing. The benchmark KSE-100 index lost massive 439.53 points to drop to 31001.49 level on Friday.
Friday witnessed some fluctuation till midday, however, it remained in green zone as benchmark KSE-100 index added 51.44 points to reach 31492.46 points level.
The stocks recorded the highest trading level of 31637.22 points and lowest level of 30887.74 points, with the volume of 137,561,240 shares, having over Rs6.913 billion value. As many as 319 companies were active; of which 99 advanced, 205 declined and 15 remained unchanged.
Despite devaluation in share price, the three top traded companies were TRG Pak Ltd with a volume of 19,617,500 and price per share of 26.52 (-1.39), Pak Elektron with a volume 7,367,500 of price per share of 62.75 (-0.50), and Jah.Sidd. Co. with a volume 6,688,500 of price per share of 17 (-0.61).
The top three gainers were Sappire Fiber with price per share 701 (31), Shied Corp with price per share of 468 (22.25) and Service Ind Ltd price per share of 909.50 (20).
The top three losers were Bata (Pak) with price per share of 3300 (-164), Pak Tobacco with price per share of 1163.52 (-58.17) and Murree Brewery per share of 845 (-43.50).
Earlier, in a bid to recoup some overnight losses, the PSX opened gaining 66.17 points and reach 31507.19 points level. Till midday, the Pakistan Stock Exchange witnessed some fluctuation, however, it remained in green zone and added 51.44 points to reach 31492.46 points level.
On Thursday, the PSX witnessed panic selling amid higher trades after major sell-off in global equities and slump in WTI crude prices. The benchmark KSE 100-share index posted a fresh loss of 713.15 points (down 2.22%) and concludes at 31,441.02 points. Traded volume increased by 65% to 190m shares while traded value increased by 43% to Rs9.7b/$91m. Out of total 348 traded companies in the session, 290 closed in red, 40 in green while 18 remained unchanged.