KARACHI: Opened with positive note, the Pakistan Stock Exchange lost all the gains and closed almost flat in negative zone as the benchmark 100-index shed 12.14 points to drop to 37414.26 points level on Thursday.
The stocks recorded the highest trading level of 37538.51 points and lowest level of 37392.13points, with the volume of about 140 million shares, having Rs 6.8 billion value. As many as 334 companies were active; of which 90 advanced, 220 declined and 24 remained unchanged.
Power generation & distribution was the top traded sector with 27,001,700 volume, while fertilizer remained second with 18,370,300 volume.
The three top traded companies were K-Electric Ltd with a volume of 24,190,000 and price per share of 8 (-0.06), Pak Int.Bulk with a volume 16,951,000 of price per share of 33.01 (0.29), Engro Fertilizer with a volume 14,940,500 of price per share of 67.65 (0.04).
The top three gainers were National Refin with price per share 412.67 (19.65), Feroze 1888XD with price per share of 404.68 (19.27) and Sunrays Textile price per share of 308 (13.99).
The top three losers were Indus Dyeing with price per share of 545 (-27.30), Ferozsons (Lab) with price per share of 1008.78 (-19.39) and Shezan Inter. per share of 424.22 (-12.28).
Earlier, the PSX opened keeping bullish trend and added another 69.65 points to reach 37496.05 points level in early trading. The stock dropped all the early gains till midday and went to negative zone shedding 0.58 points to reach 37425.82 points level.
On Wednesday, the stock market witnessed dull session but climbed to yet another highest-ever level, gaining 34 points (0.09%) to close at 37426 points level.
Volatility prevailed as the 100-share index surged to make an intra-day high of around 222 points but failed to sustain these levels as profit taking was witnessed across the board during the second half of the day. Volumes increased by 38% to 143m shares and value remained flat at Rs 7.7 billion. KEL and FCCL led the volume with approximately 37m shares traded combined. Continued interest was observed in FCCL which led the stock to close up by 4.3%.
