KARACHI: The Pakistan Stock Exchange Friday lost the early gains as benchmark 100-index lost 155.01 points to drop to 39151.78 points level at closing.
The stocks recorded the highest trading level of 39420.65 points and lowest level of 39114.31 points, with the volume of over 219.53 million shares, having about Rs 11.79 billion value. As many as 331 companies were active; of which 157 advanced, 158 declined and 16 remained unchanged.
Refinery was the top traded sector with 27,237,000 volume, while technology & communication remained second with 24,105,500 volume
TRG Pak Ltd was the volume leader with 19.31 million shares, gaining Rs 0.43 to finish at Rs 36.06. It was followed by Byco Petroleum with 19.24 million shares, gaining Rs 1.11 to close at Rs 23.41 and Pak Electron with 16.33 million shares, adding Rs 0.31 to close at Rs 69.92.
The top three gainers were Rafhan Maize with price per share 7299 (180.03), National Refin with price per share of 555.02 (18.45) and Biafo Ind. price per share of 276.20 (13.16).
The top three losers were Hinopak MotorXD with price per share of 942.70 (-49.61), Ghandhara Ind. with price per share of 470.03 (-19.81) and Punjab Oil per share of 265.91 (-13.99).
Earlier, the PSX opened with positive note and added 72 points to reach 39378.32 points level in early trading. The stock shed the early gains and went to negative zone till midday as the benchmark 100-index lost 6.51 points to reach 39300.28 points.
On Thursday, the stock market closed at a record high on local and foreign investors support. The 100-share index closed at 39306.79 points after gaining 208 points. Automobile sector continued to garner investor interest on the back of a weakening Yen. INDU (up 2.4%) and PSMC (2.4%) were top performers of the aforementioned sector. Fertilizer sector gained as investors anticipated strong fertilizer dispatch number for the month of July. Major gainers of the aforementioned sector were EFERT (up 2.1%) and FATIMA (3.9%).
