KARACHI: The Pakistan Stock Exchange (PSX) Wednesday remained under pressure over ‘political turmoil’ in the country as the benchmark 100-inded added only just 29.20 point to reach 33646.10 points at closing.
The stocks recorded the highest trading level of 33785.64 points and lowest level of 33471.92 points, with the volume of 188 million shares, having about Rs8.4 billion value. As many as 327 companies were active; of which 109 advanced, 197 declined and 21 remained unchanged.
Technology & communication was the top traded sector with 13,927,000 volume, while refinery remained second with 9,228,300 volume.
The three top traded companies were TRG Pak Ltd with a volume of 39,099,000 and price per share of 34.38 (1.15), Byco Petroleum with a volume 16,575,000 of price per share of 19.80 (0.52), Jah.Sidd. Co with a volume 12,622,000 of price per share of 23.26 (0.15).
The top three gainers were Island Textile with price per share 689.50 (30.20), Shezan Inter with price per share of 482.72 (20.26) and Exide (PAK) price per share of 690 (15).
The top three losers were Unilever FoodsXD with price per share of 5250 (-209), Nestle Pak SPOT with price per share of 7520 (-180) and Pak TobaccoXD per share of 1188.75 (-62.55).
Earlier, the stocks started with positive note and gained 105.47 points to reach 33722.37 points level in early trading. The PSX shed the early gains till midday but remained in positive zone as benchmark 100-inded added just 7.83 point to reach 33624.73 points.
On Tuesday, the stocks opened the day resuming downfall from the last session as the benchmark KSE-100 index dropped down 150.29 points in the morning session but recovered later by 109.37 points. The index landed with gains of 50.68 points at 33,616.90 till closing. The session had 161 advancers to 137 decliners. The market volumes contracted 30.37% to 156.496 million showing the dent to investor confidence created by the political situation. Technology and communications sector dominated the volume chart with 30.36 million shares exchanged. TRG Pakistan Limited (TRG +0.39%) made up 25.64 million of the total. The overall sector remained weak with only System Limited (SYS +1.89%) and Avanceon Limited (AVN +2.24%) recording gains.
