KARACHI: Despite shedding some early gains, the Pakistan Stock Exchange (PSX) remained in green zone and added 265.04 points to reach 31067.57 points level till midday on Thursday.
The stocks recorded the highest trading level of 31080.30 points and lowest level of 30802.53 points, with the volume of 53 million shares, having about Rs3 billion value. As many as 253 companies were active; of which 164 advanced, 65 declined and 24 remained unchanged.
Technology & communication was the top traded sector with 11,805,000 volume, while commercial banks remained second with 7,420,400 volume.
The three top traded companies were Telecard Limited with a volume of 5,340,000 and price per share of 2.87 (0.26), Sui South Gas with a volume 2,755,000 of price per share of 26.59 (0.45), and TRG Pak Ltd with a volume 2,736,500 of price per share of 24.20 (0.20).
The top three gainers were Unilever Foods with price per share 5300 (90), Ferozsons (Lab)XD with price per share of 808 (33.16) and Murree Brewery price per share of 807.77 (31.27).
The top three losers were Rafhan Maize with price per share of 8050 (-139), Sapphire Fiber with price per share of 630 (-23.90) and Pak Tobacco per share of 1230 (-20.31).
Earlier, the Pakistan Stock Exchange took good start and gained 129.68 points to reach 30932.21 points in early trading.
On Thursday, the PSX opened comfortably in the green territory but was pulled down by midday selling. The market plunged amid heightened worry over market liquidity. Global prices of crude oil remained volatile as investors predicted another inventory built up.
The KSE-100 index resumed trade from where it left the last session and gained 150.11 points. The gains soon reversed to a dip of 73.75 points. Last hour buying supported the index which settled with 15.93 points positive at 30,802.53. The market volumes thinned down to 121.253 million from last session’s 138.477 million.
