KARACHI: Despite massive increase in trading volume, the Pakistan Stock Exchange (PSX) Wednesday witnessed bearish as KSE-100 index dropped 299.61 points to drop to 32144.59 points level.
The stocks recorded the highest trading level of 32464.54 points and lowest level of 32104.55 points, with the volume of 168.80 million shares, having about Rs5.08 billion value. As many as 321 companies were active; of which 105 advanced, 198 declined and 18 remained unchanged.
Technology & communication was the top traded sector with 28,588,000 volume, while cable & electric communication remained second with 14,848,000 volume.
The three top traded companies were PTCL with a volume of 13,231,000 and price per share of 15.07 (0.12), Jah. Sidd. Co with a volume 12,751,000 of price per share of 21.25 (0.23), and TRG Pak Ltd with a volume 11,731,000 of price per share of 27.74 (0.40).
The top three gainers were Shezan Inter with price per share 590 (28), Ghandhara Ind with price per share of 407.27 (12.77) and Atlas Battery price per share of 699 (12.11).
The top three losers were Rafhan Maize with price per share of 8100 (-400), Nestle Pak with price per share of 7225 (-275) and Siemens Pak.XD per share of 904.49 (-25.50).
Earlier, the PSX remained in bearish note till midday as KSE-100 index lost another 157.64 points to drop to 32286.56 points level.
On Tuesday, the PSX recorded bearish trading activities for the first time in the last 11 days as investors tracked lower international oil prices to book profits at higher levels. The stocks declined by 0.8 per cent or 262.02 points to 32,444.20 points as compared with 32,706.22 points of Monday. The KSE All Share Index nosedived by 0.63 per cent or 143.59 points to 22,608.51 points, the KSE 30-Index slipped by 0.84 per cent or 160.27 points to 18,963.84 points, the KMI 30-Index slumped by 0.74 percent or 410.78 points, whereas the Islamic All Share Index dipped by 0.75 percent or 116.36 points to 15,313.59 points.
