KARACHI: The Pakistan Stock Exchange Monday witnessed variation in trading and benchmark 100-index dropped 7.15 points to reach 33759.97 points level at closing.
The stocks recorded the highest trading level of 33832.85 points and lowest level of 33631.65 points, with the volume of 157 million shares, having about Rs7.3 billion value. As many as 322 companies were active; of which 142 advanced, 160 declined and 20 remained unchanged.
Oil and marketing companies was the top traded sector with 20,848,100 volume, while refinery remained second with 15,464,900 volume.
The three top traded companies were Sui North Gas with a volume of 12,336,000 and price per share of 28.77 (1.37), TRG Pak Ltd with a volume 9,111,500 of price per share of 34.15 (0.38), Pak Int.Bulk with a volume 9,106,000 of price per share of 28.06 (0.50).
The top three gainers were Wyeth Pak Ltd XD with price per share 1800 (71.7), Philip Morris Pak. with price per share of 1699.90 (68.90) and Pak TobaccoXD price per share of 1145 (45).
The top three losers were Nestle Pak XD with price per share of 7101.01 (-328.99), Bata (Pak)XD with price per share of 3230.05 (-169.95) and Colgate Palmo per share of 1500 (-75).
Earlier, the stocks opened new trading week with bullish note and added 49.05 points to reach 33807.17 points level in early trading. The PSE witnessed fluctuation in trading and benchmark 100-index surged by 26.69 points to reach 33793.81 points level till midday.
Last week, the Pakistan Stock Exchange’s 100-share index down 0.6 percent on WoW basis as both average traded volumes (-31 percent) and value (-18 percent) took a hit. Of the major sectors, cement (-1.5 percent WoW) and power (-1.3 percent WoW) closed in the red zone mainly on account of general profit-taking, whereas oil & gas sector recovered by 1 percent WoW on the back of recovery in international crude oil prices, providing some respite to the overall index level. Average daily volume fell 31 percent to 190.3m shares and average daily value declined 18 percent to Rs8.7b/$82.3m in the outgoing week. Foreign investors were net sellers of $1.5m during the week. Net selling worth $7.4m was seen in banking sector stocks. Cement stocks continued to attract attention as net buying worth $3.9m was seen in them.
