KARACHI: The bearish trend further deepened at the last session on Thursday as the Pakistan Stock Exchange (PSX) lost 126.42 points to drop to 32801.88 points level at closing.
The stocks recorded the highest trading level of 32942.02 points and lowest level of 32778.41 points, with the volume of 86.36 million shares, having about Rs4.62 billion value. As many as 303 companies were active; of which 120 advanced, 166 declined and 17 remained unchanged.
Commercial banks was the top traded sector with 16,996,100 volume, while auto assembling remained second with 15,155,650 volume.
The three top traded companies were Dewan Motors with a volume of 7,783,000 and price per share of 9.95 (-0.49), TRG Pak Ltd with a volume 7,302,500 of price per share of 27.40 (0.73), Fatima Fert with a volume 4,848,000 of price per share of 31.90 (0.06).
The top three gainers were Colgate Palmo with price per share 1489.99 (27.99), ICI Pakistan XD with price per share of 434.51 (11.21) and Punjab Oil XD price per share of 234.97 (11.18).
The top three losers were Rafhan Maize XD with price per share of 7600 (-380), Unilever Foods with price per share of 5100 (-90) and Murree Brewery per share of 809.90 (-25.60).
Earlier, the Pakistan Stock Exchange started trading with negative note and dropped 40 points to reach 32884.22 points level in early trading. The bearish trend continued till midday as the PSX lost 28.04 points to reach 32900.26 points level.
On Tuesday, the PSE witnessed another dull day as the investors remained on the sidelines ahead of today’s public holiday. The benchmark KSE 100-index closed below 33,000 points after posting a decline of 94.57 points. Traded volume increased by 21% to 133m while traded value stood at Rs6.3b/USD 60m). Total 310 companies participated in the session. Of them, 180 closed in decline, 98 in advance while 32 remained unchanged. Top contributors were KEL and DFML with 11.3m shares and 10.3m shares respectively.
