KARACHI: The Pakistan Stock Exchange Monday witnessed bearish activity all the day over volatility but recouped some points at the last session as benchmark 100-index added 29.85 points to reach 36723.35 points level at closing.
The stocks recorded the highest trading level of 36740.20 points and lowest level of 36433.48 points, with the volume of 266 million shares, having about Rs 10.7 billion value. As many as 355 companies were active; of which 179 advanced, 155 declined and 21 remained unchanged.
Power generation & distribution was the top traded sector with 59,302,000 volume, while oil and gas marketing companies remained second with 26,113,200 volume.
The three top traded companies were K-Electric Ltd with a volume of 49,927,500 and price per share of 7.93 (0.23), Sui North Gas with a volume 19,674,500 of price per share of 37.72 (1.41), Jah.Sidd. Co with a volume 17,589,000 of price per share of 23.19 (-0.31).
The top three gainers were Rafhan Maize with price per share 8886.15 (423.15), Nestle Pak XD with price per share of 7100 (100) and Island Textile price per share of 882 (42).
The top three losers were Pak Tobacco with price per share of 1110 (-37.15), Bhanero Tex with price per share of 700.11 (-24.89) and Sunrays Textile per share of 342.90 (-18.05).
Last week, after touching an all-time high, the KSE-100 closed 1.6 percent WoW higher on account of review of Pakistan re-entering the MSCI EM index after eight years and uptick in crude oil prices. Activity during the week improved as average daily volumes improved to 325mn shares (+10.5 percent WoW), while average daily value traded witnessed an increase of 1.4 percent to Rs11.4m. Foreigners though remained net sellers of $7m during the week.
Foreigner’s activity was abnormal as they bought shares worth $62.8m and sold $69.8m in the outgoing week. Major activity was seen in Chemical sector with net buying $2.1m and Banks with net selling of $3.6m.
