KARACHI: The Pakistan Stock Exchange Monday witnessed declining trend in trading as the benchmark 100-index shed 14.69 points to reached 36107.80 points level till midday.
The stocks recorded the highest trading level of 36242.63 points and lowest level of 36097.31 points, with the volume of 147 million shares, having about Rs 4.2 billion value. As many as 330 companies were active; of which 168 advanced, 149 declined and 13 remained unchanged.
Chemical was the top traded sector with 15,844,580 volume, while technology & communication remained second with 15,499,500 volume.
The three top traded companies were TPL Trakker Ltd with a volume of 11,096,500 and price per share of 14.70 (0.73), Dewan Salman with a volume 10,323,000 of price per share of 2.77 (0.23), PTCL XD with a volume 5,854,500 of price per share of 15.45 (0.42).
The top three gainers were Exide (PAK) with price per share 786 (31.47), Atlas Battery with price per share of 590.98 (28.14) and Sanofi-AventisXD price per share of 621 (15.17).
The top three losers were Siemens Pak with price per share of 939 (-20.50), Thal Ind.Corp. XD with price per share of 204.25 (-10.75) and Bhanero Tex per share of 725 (-10).
Last week, the trading volumes improved by 23 percent WoW to 294 million shares per day during the week; however, average traded value decline by 12 percent WoW to $107 million per day due to increase in trading of lower tier stocks. The benchmark KSE-100 index reached its all-time high in anticipation of Pakistan’s reclassification into MSCI Emerging Market index. Index’s gains remained in check as some consolidation was seen at that level. Benchmark index gained 0.4 percent over the week to close at 36,122 index level. Average daily volume rose 23 percent to 294.5 million shares whereas average daily value declined 12 percent to Rs11.2 billion.
Foreigners were net sellers of $12.7 million worth of shares in the outgoing week. Net selling worth $3.3 million was seen in Cement sector, while net buying of $1.8 million was see in oil & gas marketing sector.
