KARACHI: Opened with bullish note, the Pakistan Stock Exchange (PSX) closed negative shedding 50.34 points to drop to 33896.03 points level.
Cement was the top traded sector with 41,469,600 volume, while technology & communication remained second with 26,065,500 volume.
The stocks recorded the highest trading level of 34058.28 points and lowest level of 33913.89 points, with the volume of 261 million shares, having about Rs5 billion value. As many as 347 companies were active; of which 182 advanced, 146 declined and 19 remained unchanged.
The three top traded companies were Dewan Cement with a volume of 23,822,000 and price per share of 15.98 (0.38), PIAC (A) with a volume 14,608,000 of price per share of 8.65 (0.46), Byco Petroleum with a volume 13,813,000 of price per share of 18.74 (0.45).
The top three gainers were Unilever Foods SPOT with price per share 5461 (260), Nestle Pak with price per share of 7992 (114) and Bhanero Tex price per share of 624.50 (29.39).
The top three losers were Sapphire Tex with price per share of 760 (-40), Sapphire Fiber with price per share of 557.18 (-29.32) and Philip Morris Pak per share of 1675 (-25).
Earlier, the PSX opened bullish and crossed psychological barrier of 34,000 by gaining 80.96 points and reached 34027.33 points level in early trading. The stocks shed the early gains and went to negative zone till midday as the benchmark 100-shares shed 12.45 points to reach 33933.92 points.
On Wednesday, led by cement and oil sector scrips on upbeat sales data, the stocks rebounded on. The benchmark 100-share index gained 179.88 points (up 0.53%) to close at 33,946.37 points. Volume decreased by 9% to 298m shares while value decreased by 21% at Rs 10.7b/$102m. Oil stocks gained as international oil prices rose. POL, OGDC and PPL closed up between the range of 0.4% to 1.5%.
