KARACHI: Opened on negative note, the Pakistan Stocks Exchanged (PSX) bounced back in the last session and gained 234.46 points to take the tally to 45294.39 points level on Friday.
The stocks recorded the highest trading level of 45382.22 points and lowest level of 44548.36 points, with the volume of about 122 million shares and value of Rs6.9 billion. As many as 350 companies were active; of which 204 advanced, 128 declined and 18 remained unchanged.
TRG Pak Ltd was the volume leader with 12.54 million shares, adding Rs1.76 to reach Rs38.63. It was followed by Dewan Motor with 8.39 million shares, gaining Rs1.47 to end at Rs40.09 and Azgard Nine with 6.34 million shares, adding Rs6.34 to close at Rs11.97.
The top three gainers were Sapphire Tex with price per share of 1978.95 (94.15), Mari Petroleum with price per share of 1608.50 (60.84) and Millat Tractors of 1351.52 (42.47).
The top three losers were Bata (Pak) with price per share of 3025 (-25), Sanofi-Aventiswith price per share of 1710 (-17.15) and Faisal Spinning share of 253.54 (-13.34).
Earlier, the last trading day of the week at PSX started on bearish note as the benchmark 100-index shed 120 points to reach 44940 points level in early trading. The downward spell continued at the PSX as the benchmark 100-index shed 355 points to drop to 44705 points level till midday.
On Thursday, the bearish sentiments continued to persist at the PSX as the benchmark 100-share index shed another 359 points. In the initial hours of the trading session, market showed a positive momentum, making an intra-day high of 669 points. However, profit booking in the latter hours took the index down to close at 45,060 points.
The 100-index was dragged down by the likes of DAWH (down 4.8%), ENGRO (down 1.8%), HUBC (1.5%), UBL (1.2%) & BAHL (1.8%), which held back 139 points; while OGDC (up 1.6%), POL (1.2%), MCB (0.6%), BAFL (1.9%) & PMPK (up 4.4%) contributed 66 points to the green.
On the sector front, fertilizer shed 97 points, banks 56 points, cements 55 points, power 24 points & OMCs 23 points, while E&Ps added 25 points.
Market participation slipped; volumes shed 11% to 148.1mn.sh, while traded value shed 3% to Rs8.6b/$82m. Total 360 active companies participated in the session of which 243 concluded in red, 99 in green while 18 remained unchanged.
