KARACHI: The bearish trend started new week as Pakistan Stock Exchange (PSX) Monday added 240.68 points to take the tally to 32465.54 points level at closing.
The stocks recorded the highest trading level of 32717.41 points and lowest level of 32421.02 points, with the volume of 81.53 million shares, having about Rs3.50 billion value. As many as 251 companies were active; of which 75 advanced, 169 declined and 7 remained unchanged.
Transport was the top traded sector with 11,601,000 volume, while Inv banks/inv cos/inv securities remained second with 10,486,000 volume.
The three top traded companies were PIAC(A) with a volume of 12,435,500 and price per share of 8.69 (0.18), Jah.Sidd. Co with a volume 9,975,500 of price per share of 20.60 (0.58), and Pace (Pak) Ltd with a volume 6,925,500 of price per share of 6.92 (0.20).
The top three gainers were AKD Capital with price per share 184.91 (8.80), Biafo Ind with price per share of 268 (7.50) and Masood Textile price per share of 200 (5.38).
The top three losers were Ferozsons (Lab) with price per share of 972.99 (-29.66), Shezan Inter with price per share of 565 (-24.38) and Abbott Lab per share of 665 (-16.18).
Earlier, the socks opened negative losing 144.69 points to drop to 32561.53 points level.
On Monday, the PSX opened another week on a positive note as the indexes remained in the green and the benchmark KSE-100 closed at 32,706.22, 227.24 points positive. KMI 30 bagged 171.88 points and touched 55,465.77 while KSE All Share rose 124.24 points to settle at 22,752.10. The market volumes inched up from last session’s 151.181 million to 152.175 million. Commercial banks were volume leaders again. The sector gained limelight after details of injection by State Bank of Pakistan surfaced. The central bank pumped a cumulative Rs 2.370 trillion into the banking system in two separate open market operations during the last two weeks of January. Overall the sector witnessed mixed sentiments where Dawood Hercules Corporation Limited (DAWH +1.44%) appreciated the most followed by Arif Habib Corporation Limited (AHCL +1.18%).
