KARACHI: Despite bearish opening, the Pakistan Stock Exchange (PSX) closed positive after gaining 121.49 points and reached 33767.59 points level on Thursday.
The stocks recorded the highest trading level of 33814.92 points and lowest level of 33605.63 points, with the volume of 189 million shares, having about Rs9.3 billion value. As many as 315 companies were active; of which 197 advanced, 104 declined and 14 remained unchanged.
Technology & communication was the top traded sector with 40,130,000 volume, while refinery remained second with 23,501,000 volume.
The three top traded companies were TRG Pak Ltd with a volume of 33,342,000 and price per share of 33.61 (-0.80), Byco Petroleum with a volume 15,402,000 of price per share of 20.18 (0.40), Jah.Sidd. Co with a volume 15,015,500 of price per share of 23.20 (-0.20).
The top three gainers were Unilever FoodsXD with price per share 5325 (75), Siemens Pak with price per share of 840 (40) and National Refin price per share of 307.25 (14.63).
The top three losers were Philip Morris Pak with price per share of 1624.50 (-85.50), Pak TobaccoXD with price per share of 1129.35 (-59.40) and Island Textile per share of 656 (-33.50).
Earlier, the stocks opened bearish as benchmark 100-inded shed 37.76 points and reached 33608.34 points level in early trading. The PSX gained momentum till midday after adding 93.90 points to reach 33740 points level.
On Wednesday, the Pakistan Stock Exchange’s benchmark 100-index gained 29.20 points (up 0.09%) to close at 33646.10 points. Volatility prevailed in yesterday’s session. Pressure remained on the cement sector on the back on news that Saudi Arabia has lifted its export ban, thus increasing competition for the already depressed exports. Biggest laggards of the aforementioned sector were DGKC, down 0.69%, and MLCF that declined 0.93%. Volume increased by 20% to 187m shares while value increased by 24% to Rs 8.4b/$78.2m.