KARACHI: Opened with positive note, the Pakistan Stock Exchange lost 181.59 points to drop to 41282.72 points at closing on Monday.
The stocks recorded the highest trading level of 41604.60 points and lowest level of 41256.36 points, with the volume of about 378.69 million shares and value of 12.87 billion. As many as 418 companies were active; of which 159 advanced, 242 declined and 17 remained unchanged.
BO Punjab was the volume leader with 4.09 million shares, shedding Rs 0.97 to finish at Rs 16.01. It was followed by TPL Trakker Ltd with 20.38 million shares, adding Rs 0.99 to end at Rs 16.48 and TRG Pak Ltd with 17.42 million shares, losing Rs 2.15 to close at Rs 44.98.
The top three gainers were Rafhan Maize with price per share of 7998 (198), Philip Morris Pak with price per share of 1867.09 (86.75) and Sapphire Tex share of 930.75 (44.31).
The top three losers were Bata (Pak) with price per share of 4200 (-101), Hinopak Motor with price per share of 1529.88 (-78.12) and Sanofi-Aventis per share of 1250 (-62).
Earlier, the stocks opened keeping last week’s bullish note and added 33.54 points to reach 41497.85 level in early trading. The Pakistan Stock Exchange became bearish till midday after shedding 14.22 points to reach 41450.09 points level.
Last week, the profit-taking was witnessed despite positive activities as a result, the index inched up by a nominal 0.6 percent WoW to close at 41,464 points. In the mainstream sectors, interest remained alive in autos (+3.3 percent WoW on increasingly positive sales outlook), banks (+0.9 percent WoW, led mainly by small banks such as BOP, AKBL and FABL), oil & gas (led by strong OMCs numbers and uptick in international crude oil prices), whereas cements (-0.5 percent WoW), gas utilities (-4.3 percent WoW) and telecom (-1.9 percent WoW) witnessed profit taking.
Overall activity also tumbled during the week as average traded value and volume clocked in at $132 million (-19 percent WoW) and 404 million shares/day (-33 percent WoW), respectively. The Benchmark KSE-100 Index touched another all time high, to close at 41,464 level, up 264 points (0.6 percent) WoW.
Average daily volumes for the outgoing week declined 33 percent WoW to 404 million shares while average daily value decreased by 19 percent WoW to Rs14 billion/$132 million during the week.
Foreigners were net buyers of $2.2 million during the week. Banks and Electricity sectors saw net buying of $3.3 million and $3.2 million, respectively, whereas oil & gas exploration and cement sectors saw net selling of $2.9 million and $2.5 million, respectively.
