KARACHI: The bearish note further deepened till midday as Pakistan Stock Exchange (PSX) lost 111.69 points to reach 32626.87 points level on Tuesday.
The stocks recorded the highest trading level of 32769.18 points and lowest level of 32613.48 points, with the volume of 108.68 million shares, having about Rs3.81 billion value. As many as 243 companies were active; of which 89 advanced, 142 declined and 12 remained unchanged.
Commercial banks was the top traded sector with 40,238,600 volume, while cement remained second with 15,397,600 volume.
The three top traded companies were NIB Bank Limited with a volume of 61,355,000 and price per share of 2.46 (0.31), Silk Bank Ltd with a volume 2,954,000 of price per share of 1.68 (0.03), K-Electric Ltd with a volume 2,693,000 of price per share of 6.80 (-0.01).
The top three gainers were Atlas Battery with price per share 584.97 (22.34), Pak.Int.Cont with price per share of 279.50 (9.50) and KSB Pumps price per share of 200 (6.99).
The top three losers were Sapphire Fiber with price per share of 610 (-30.55), Highnoon (Lab) with price per share of 473.13 (-9.01) and Pak OilfieldsXD per share of 244.90 (-8.74).
Earlier, the Pakistan Stock Exchange (PSX) opened with negative note and shed 30.47 points to drop to 32708.09 points level in early trading.
On Monday, the stocks showed recovery amid bull-run in global equities. The benchmark 100-share index rose 69.40 points to close at 32,738.56 points. Major triggers were absent in yesterday’s trading session. Index closed up by only 0.2% due to profit taking, dealers said. Engro Foods (EFOODS) continued to attract attention as investors are anticipating a deal price higher than the current stock price. Resultantly, the stock closed at its upper limit (up 5%). Upside was also witnessed in Engro Corporation (ENGRO), which increased 2.0%.
