KARACHI: The Pakistan Stock Exchange Monday remained under pressure and dropped all the early gains as the benchmark 100-index added only 2.88 points to reach 36125.37 points level at closing.
The stocks recorded the highest trading level of 36242.63 points and lowest level of 36090.50 points, with the volume of 221 million shares, having about Rs 7.5 billion value. As many as 360 companies were active; of which 184 advanced, 156 declined and 20 remained unchanged.
Technology & communication was the top traded sector with 29,801,000 volume, while chemical remained second with 22,251,180 volume.
The three top traded companies were Dewan Salman with a volume of 13,283,500 and price per share of 2.85 (0.31), TPL Trakker Ltd with a volume 12,883,000 of price per share of 14.77 (0.80), TRG Pak Ltd with a volume 11,173,500 of price per share of 37.10 (-1.28).
The top three gainers were Rafhan MaizeXD with price per share 8690 (237), Nestle Pak XD with price per share of 7101 (100) and Ferozsons (Lab) price per share of 887.88 (36.44).
The top three losers were Wyeth Pak Ltd with price per share of 1940 (-100), Pak TobaccoXD with price per share of 1145 (-54) and Siemens Pak per share of 930 (-29.50).
Till midday, the Pakistan Stock Exchange witnessed declining trend in trading as the benchmark 100-index shed 14.69 points to reached 36107.80 points level.
Last week, the trading volumes improved by 23 percent WoW to 294 million shares per day during the week; however, average traded value decline by 12 percent WoW to $107 million per day due to increase in trading of lower tier stocks. The benchmark KSE-100 index reached its all-time high in anticipation of Pakistan’s reclassification into MSCI Emerging Market index. Index’s gains remained in check as some consolidation was seen at that level. Benchmark index gained 0.4 percent over the week to close at 36,122 index level. Average daily volume rose 23 percent to 294.5 million shares whereas average daily value declined 12 percent to Rs11.2 billion.
Foreigners were net sellers of $12.7 million worth of shares in the outgoing week. Net selling worth $3.3 million was seen in Cement sector, while net buying of $1.8 million was see in oil & gas marketing sector.
