KARACHI: The Pakistan Stock Exchange (PSX) Friday remained in negative zone and dropped 207.96 points to reach 31074.48 points level at closing.
The stocks recorded the highest trading level of 31295.00 points and lowest level of 30946.36 points, with the volume of 109.51 million shares, having about Rs5.81 billion value. As many as 302 companies were active; of which 90 advanced, 199 declined and 13 remained unchanged.
Commercial banks was the top traded sector with 24,435,600 volume, while technology & communication remained second with 16,607,000 volume.
The three top traded companies were TRG Pak Ltd with a volume of 9,648,000 and price per share of 24.73 (-1.30), Pak Elektron (R) with a volume 5,317,000 of price per share of 17.12 (-1.00), and National Bank with a volume 4,615,000 of price per share of 57.51 (57.51).
The top three gainers were Philip Morris Pak with price per share 1774.50 (84.50), Siemens Pak. XD with price per share of 868.98 (31.10) and Sapphire Fibre price per share of 648.50 (23.50).
The top three losers were Sanofi-Aventis with price per share of 553.51 (-28.61), Highnoon (Lab) with price per share of 441.03 (-22.91) and Khyber Tobacco per share of 349.60 (-18.40).
Earlier, the bearish trend opened another trading day as the PSX shed 258.74 points to reach 31023.70 points level in early trading. Despite gaining some early losses, the PSX remained in negative zone dropping 131.62 points to reach 31150.82 points level till midday.
On Thursday, the PSX laid off early gains to end its fourth session in the red zone, defying trends of the global markets and crude oil. Stock markets climbed up on Thursday after rebound in prices of crude oil. The benchmark KSE-100 rose up by 238.19 points trading early but midday profit taking dragged it down 220.34 points. It later settled at 31,282.44, shedding 187.26 points. The market volumes stood at 130.024 million with commercial banks in the lead.
