KARACHI: The Pakistan Stock Exchange Wednesday opened with positive note but shed all of the gains and closed negative with 266.05 points loss and dropped to 38149.26 points level.
The stocks recorded the highest trading level of 38620.05 points and lowest level of 38123.12 points, with the volume of 124 million shares, having about Rs 7.6 billion value. As many as 328 companies were active; of which 91 advanced, 214 declined and 23 remained unchanged.
Cement was the top traded sector with 24,552,000 volume, while power generation & distribution remained second with 19,144,400 volume
K-Electric was the volume leader with 16.03 million shares, losing Rs 0.5 to finish at Rs 7.91. It was followed by Dewan Cement with 12.82 million shares, losing Rs 0.53 to close at Rs 13.42 and Dewan Motors with 7.62 million shares, losing Rs 0.53 to close at Rs 14.63.
The top three gainers were Unilever Foods with price per share 5339 (90), Pakistan Tobacco with price per share of 1122 (50.96) and Pak Services price per share of 674.73 (32.13).
The top three losers were Sapphire Fiber with price per share of 553 (-29), Khyber Tobacco with price per share of 325 (-15) and The Searle Co. Ltd. per share of 552.37 (-14.98).
On Tuesday, the local equities closed marginally negative in a range-bound and lacklustre trading session as investors traded selectively in the on-going rollover week. At close, the Pakistan Stock Exchange’s benchmark index recorded a fall of 0.14% or 54.51 points to end at 38,415.31. Trade volumes rose to 154 million shares compared with Monday’s tally of 149 million. Shares of 325 companies were traded. At the end of the day, 114 stocks closed higher, 184 declined while 27 remained unchanged. The value of shares traded during the day was Rs8.2 billion.
