KARACHI: The Pakistan Stock Exchange (PSX) Tuesday witnessed a bearish day over profit taking and shed 115.54 points to drop to 32623.02 points level at closing.
The stocks recorded the highest trading level of 32769.18 points and lowest level of 32585.04 points, with the volume of 204.12 million shares, having about Rs8 billion value. As many as 314 companies were active; of which 108 advanced, 181 declined and 25 remained unchanged.
Commercial banks was the top traded sector with 87,649,000 volume, while power generation & distribution remained second with 38,392,800 volume.
The three top traded companies were NIB Bank Limited with a volume of 75,463,500 and price per share of 2.38 (0.23), K-Electric Ltd with a volume 35,564,500 of price per share of 7.04 (0.23), Engro Foods Ltd with a volume 4,996,900 of price per share of 167.09 (7.28).
The top three gainers were Rafhan Maize SPOT with price per share 7990 (150), Indus Motor Co XD with price per share of 972.75 (28.50) and Philip Morris Pak price per share of 1700 (26.67).
The top three losers were Nestle Pak with price per share of 6650 (-350), Sapphire Fiber with price per share of 616.45 (-24.10) and Jubile Life Ins.SPOT per share of 504.09 (-14.91).
Earlier, the Pakistan Stock Exchange (PSX) opened with negative note and shed 30.47 points to drop to 32708.09 points level in early trading. Bearish note further deepened till midday as the stock market lost 111.69 points to reach 32626.87 points level.
On Monday, the stocks showed recovery amid bull-run in global equities. The benchmark 100-share index rose 69.40 points to close at 32,738.56 points. Major triggers were absent in yesterday’s trading session. Index closed up by only 0.2% due to profit taking, dealers said. Engro Foods (EFOODS) continued to attract attention as investors are anticipating a deal price higher than the current stock price. Resultantly, the stock closed at its upper limit (up 5%). Upside was also witnessed in Engro Corporation (ENGRO), which increased 2.0%.
