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Home Markets

PSX closes positive at 36980pts level

byMatiur Rehman
13/06/2016
in Markets, Stock Exchange
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KARACHI: Opened with negative note, the Pakistan Stock Exchange gained some points in the last session and closed positive, adding 39.08pts to reach 36979.96 points level on Monday.

The stocks recorded the highest trading level of 37081.97 points and lowest level of 36637.81 points, with the volume of 139.4 million shares, having over Rs 7.5 billion value. As many as 319 companies were active; of which 116 advanced, 183 declined and 20 remained unchanged.

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Power generation & distribution was the top traded sector with 39,597,500 volume, while fertilizer remained second with 13,397,800 volume.

The three top traded companies were K-Electric Ltd with a volume of 35,961,500 and price per share of 8.01 (0.04), Engro Fert with a volume 9,317,000 of price per share of 66.93 (0.40), TRG Pak Ltd with a volume 7,838,000 of price per share of 34.42 (0.13).

The top three gainers were Ghandhara Ind with price per share 370.92 (15.30), Mari Petroleum with price per share of 940.58 (13.55) and Exide (PAK) price per share of 799.99 (9.99).

The top three losers were Rafhan Maize with price per share of 8265 (-435), Bata (Pak) with price per share of 3700 (-99) and Island Textile per share of 890 (-18.85).

Earlier, the Pakistan Stock Exchange opened keeping negative note and shed 44 points to reach 36897 points level in early trading. The bearish note continued till midday as benchmark 100-index further dropped 119 points to drop to 36821.71 points level.

Last week, the stocks registered a negative growth of 0.8 percent due to profit-taking.The key sectors, chemicals, cements, banks and electricity witnessed profit-taking whereas heavyweight oil & gas gained on a WoW basis. The volumes decreased by 36 percent WoW to 152m shares/day and average daily traded value receding to $79m (down 25 percent WoW).

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