KARACHI: Opened with negative note, the Pakistan Stock Exchange (PSX) gained momentum till midday after adding 93.90 points to reach 33740 points level on Thursday.
The stocks recorded the highest trading level of 33812.52 points and lowest level of 33605.63 points, with the volume of 83 million shares, having about Rs4.45 billion value. As many as 255 companies were active; of which 167 advanced, 71 declined and 17 remained unchanged.
The three top traded companies were TRG Pak Ltd with a volume of 14,306,000 and price per share of 33.62 (-0.79), Byco Petroleum with a volume 7,417,500 of price per share of 20.00 (0.22), Jah.Sidd. Co with a volume 6,949,000 of price per share of 23.47 (0.07).
The top three gainers were Murree Brewery with price per share 719.99 (15.99), National Refin with price per share of 307.25 (14.63) and Biafo Ind. price per share of 261.16 (12.43).
The top three losers were Island Textile with price per share of 656 (-33.50), JDW Sugar with price per share of 375 (-15) and Shahtaj Textile per share of 152 (-8).
Earlier, the stocks opened bearish as benchmark 100-inded shed 37.76 points and reached 33608.34 points level in early trading.
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.
