KARACHI: Opened with positive note, the Pakistan Stock Exchange Thursday closed flat shedding three points to reach 37783.54 points level.
The stocks recorded the highest trading level of 37994.75 points and lowest level of 37730.31 points, with the volume of 115.31 million shares, having about Rs 7.4 billion value. As many as 324 companies were active; of which 162 advanced, 141 declined and 21 remained unchanged.
Power generation & distribution was the top traded sector with 26,719,100 volume, while commercial banks remained second with 12,549,800 volume
K-Electric was the volume leader with 22.07 million shares, losing Rs 0.03 to finish at Rs 8.06. It was followed by Sui North Gas with 8.05 million shares, without losing or gaining at Rs 36.29 and TRG Pak Ltd with 5.87 million shares, losing Rs 0.74 to close at Rs 33.55.
The top three gainers were Bata (Pak) with price per share 4077.33 (77.33), Pak Tobacco with price per share of 1260.55 (57.22) and Philip Morris Pak price per share of 1606.40 (23.56).
The top three losers were Rafhan Maize with price per share of 7220 (-380), Nestle Pak XD with price per share of 7300 (-200) and Feroze 1888 per share of 314.94 (-16.57).
On Wednesday, global markets recovered after decline caused by Brexit, which helped Pakistan Stock Exchange to rally by 709.94 points (1.91%). The 100-share index closed at 37786.57 points. Major gainers were LUCK (4.03%) and PIOC (4.33%). OGDC (2.25%), POL (2.10%) and PPL (1.84%) in the E&P sector gained to close in the green zone, as crude oil prices continued its upward trajectory to trade above $48/bbl level. Traded volume fell by 15% to 134.3m shares, whereas traded value increased 16% to Rs8.1b/$77.0m. K-Electric (KEL), TRG Pak (TRG) and Sui Northern Gas Pipelines (SNGP) were volume leaders with combined volume of 32m shares traded, and TRG and SNGP closing at their upper limit.
