KARACHI: After observing fluctuation in early trading, the Pakistan Stock Exchange (PSX) Thursday went to negative zone shedding massive 324.05 points losing 32,000 psychological mark and dropped to 31820.54 points level at closing.
The stocks recorded the highest trading level of 32205.46 points and lowest level of 31782.55 points, with the volume of 113 million shares, having about Rs7 billion value. As many as 330 companies were active; of which 80 advanced, 229 declined and 21 remained unchanged.
Commercial banks was the top traded sector with 13,594,800 volume, while refinery remained second with 11,782,600 volume.
The three top traded companies were Byco Petroleum with a volume of 10,813,500 and price per share of 18.27 (-0.06), TRG Pak Ltd with a volume 5,803,500 of price per share of 27.23 (-0.51), andTPL Trakker Ltd with a volume 5,068,500 of price per share of 12.93 (0.31).
The top three gainers were Exide (PAK) with price per share 794 (18), Mari Petroleum with price per share of 672.37 (17.54) and JDW Sugar price per share of 340.11 (10.11).
The top three losers were Rafhan Maize with price per share of 7700 (-400), Hinopak Motor with price per share of 1082.17 (-56.95) and Ferozsons (Lab) share of 900.22 (-47.37).
Earlier, the PSX opened with positive note, adding 25.96 points to reach 32205.46 points level in early trading. The stocks witnessed fluctuation in trading and remained in negative zone till midday as KSE-100 index shed -16.65 points to drop to 32127.94 points level.
On Wednesday, the stocks continued its downward trajectory as the PSX benchmark index shed another 299.61 points to close at 32,144.59 points. Heavy foreign selling kept the market under pressure as investors feared for more selling in the days to come. Traded volume increased by 13.5% to 168m shares while traded value increased 2.07% to Rs9.3b/$88.8m.
