KARACHI: Opened with negative note, the Pakistan Stock Exchange (PSX) gained 27.77 points to take the tally to above 32,000 mark and reached 32904.32 points level at closing on Monday.
The stocks recorded the highest trading level of 32986.89 points and lowest level of 32736.74 points, with the volume of 86.37 million shares, having about Rs4.56 billion value. As many as 322 companies were active; of which 140 advanced, 159 declined and 23 remained unchanged.
Cement was the top traded sector with 16,104,700 volume, while commercial banks remained second with 9,293,700 volume.
The three top traded companies were Dewan Cement with a volume of 4,995,500 and price per share of 12.99 (0.22), Pak Int.Bulk with a volume 4,515,500 of price per share of 27.57 (0.64), Dewan Motors with a volume 4,324,000 of price per share of 9.58 (0.19).
The top three gainers were Unilever Foods with price per share 5500 (200), Bata (Pak) with price per share of 3400 (40) and Atlas Battery price per share of 563.97 (18.96).
The top three losers were Rafhan Maize XD with price per share of 7495 (-105), Pak Tobacco with price per share of 1140 (-60) and Nestle Pak per share of 6690 (-10).
Earlier, the Pakistan Stock Exchange (PSX) opened week with negative note and lost 88.23 points in early trading to reach 32788.32 points level. Despite opened with negative note, the stocks gained 74.91 points to reach 32951.46 points level till midday.
Last week, the local bourses witnessed dull activity. Average daily volumes fell 32 percent to 112.9m shares as traded volume hit 2-month low in Thursday’s trading session. Average daily value declined 33 percent to Rs5.3 billion/$50.6 million, levels that were seen in May 2015. Industrial metals & mining and beverages were two of the few gainers on a sector level over the week as they increased by 3.5 percent and 2.6 percent, respectively. Automobile & parts and commercial banks fell 4 percent and 3.4 percent, respectively. Foreigners were net sellers of $2.3m this week. Net selling was seen in oil & gas exploration and chemicals sector of $2.6m and $2.4m, respectively. Net buying of $2.8m was witnessed in cement sector.
