KARACHI: The bearish note continued till midday at Pakistan Stock Exchange as benchmark 100-index lost 125.56 points to reach 33613.98 points level on Monday.
The stocks recorded the highest trading level of 33785.74 points and lowest level of 33498.75 points, with the volume of 78 million shares, having about Rs3,04 billion value. As many as 286 companies were active; of which 116 advanced, 149 declined and 21 remained unchanged.
Oil & gas marketing companies was the top traded sector with 10,068,300 volume, while technology & communication remained second with 8,964,000 volume.
The three top traded companies were Sui North Gas with a volume of 7,907,500 and price per share of 31.50 (0.32), Pak Int.Bulk with a volume 7,028,000 of price per share of 27.90 (0.79), Pace (Pak) Ltd with a volume 5,353,000 of price per share of 6.55 (-0.07).
The top three gainers were Island Textile with price per share 800.62 (38.12), Packages Ltd. XD with price per share of 593.68 (28.27) and Shezan Inter price per share of 489.75 (22.75).
The top three losers were Nestle Pak XD with price per share of 7101.01 (-334.99), Bhanero Tex with price per share of 641.25 (-33.70) and Siemens Pak per share of 890 (-15).
Earlier, the stocks opened new week with bearish note and lost 156.26 points to drop to 33583.28 points level in early trading.
Last week, benchmark KSE-100 index remained largely flat to close at 33,740. Average daily volume increased by 26 percent to 239mn shares whereas average daily value increased by 17 percent to Rs10.1 billion/$96.4mn in the outgoing week. Oil & Gas and Tobacco sectors were major gainers as they increased by 4 percent and 3 percent respectively during the week. On the other hand, cement and chemical sector were major losers down by 3 percent. Foreign investors were net sellers of $28.3mn during the week, highest in 12 weeks. Net selling worth $7.6mn and $6.2mn was seen in Banking and Chemical sectors.
