KARACHI: The bearish note continued till midday at Pakistan Stock Exchange as benchmark 100-index shed 80.53 points to reach 33649.09 points level on Wednesday.
The stocks recorded the highest trading level of 33757.48 points and lowest level of 33622.28 points, with the volume of 160 million shares, having about Rs6 billion value. As many as 307 companies were active; of which 145 advanced, 141 declined and 21 remained unchanged.
Cement was the top traded sector with 25,465,000 volume, while oil & gas marketing companies remained second with 17,005,500 volume.
The three top traded companies were Power Cement Ltd with a volume of 17,653,000 and price per share of 10.91 (0.26), TRG Pak Ltd with a volume 12,740,500 of price per share of 35.78 (0.31), Sui North Gas with a volume 12,424,000 of price per share of 29.90 (-0.21).
The top three gainers were Unilever FoodsXD with price per share 5439 (114), Philip Morris Pak with price per share of 1710 (81) and Wyeth Pak Ltd XD price per share of 1870 (70).
The top three losers were Nestle Pak XD with price per share of 7000 (-99.99), Indus Dyeingwith price per share of 721.37 (-37.96) and Island Textile per share of 627 (-33).
Earlier, the bearish note entered another day as the Pakistan Stock Exchange opened shedding 17.41 points to reach 33712.21 points level in early trading.
On Tuesday, the PSX witnessed a third consecutive flat session to close at 33729.62 points, declining by 30 points. Volatility prevailed in the market as the index traded between an intra-day high of 126.88 points and an intra-day low of 30.35 points to finally close on a flattish note (down 0.09%). MCB (down 0.40%) lost ground to close in the red zone as the bank reported lower than-expected 1Q2016 earnings of Rs5.41/share. On the other hand, EFOODS (rose 0.60%) gained as the company declared better-than-expected 1Q2016 earnings of Rs1.45/share. Volume decreased by 54% to 241m shares while value increased by 20% to Rs 8.8b/84$m. Continued interest was observed in SSGC and SNGPL which gained to close up 1.78% and 4.3% respectively, dealers said.