KARACHI: Started with positive note, the Pakistan Stock Exchange (PSX) even crossed the psychological barrier of 33,000 but lost all of them and closed negative. The benchmark KSE-100 index shed 24.65 points to drop to 32879.67 points level at closing.
The stocks recorded the highest trading level of 33000.73 points and lowest level of 32854.33 points, with the volume of 130.48 million shares, having about Rs5.7 billion value. As many as 325 companies were active; of which 147 advanced, 155 declined and 23 remained unchanged.
Cable & electric goods was the top traded sector with 18,740,250 volume, while technology & communication remained second with 14,931,500 volume.
The three top traded companies were TRG Pak Ltd with a volume of 12,052,000 and price per share of 27.82 (0.87), TPL Trakker Ltd with a volume 11,414,500 of price per share of 13.14 (1.00), Dewan Motors with a volume 9,290,500 of price per share of 10.01 (0.43).
The top three gainers were Pak Tobacco with price per share 1197 (57), Sapphire Fiber with price per share of 576.99 (26.99) and Bhanero Tex price per share of 550.15 (26.15).
The top three losers were Philip Morris Pak with price per share of 1700 (-89.21), Bata (Pak) with price per share of 3360 (-40) and Siemens Pak per share of 727.01 (-17.99).
Earlier, the Pakistan Stock Exchange (PSX) started trading with positive note and added 40.63 points to reach 32944.95 points to reach 32944.95 points in early trading. The upward rally continued till midday as the PSX gained 80.55 points to reach 32984.87 points level.
On Monday, lackluster activity was witnessed at the stocks and the index closed up by 27.77 points or 0.8% at 32,904.32 points. Traded volume remained depressed as it fell 21% to 86.4m shares. Traded value fell 8% to Rs4.6b/$43.5m. Total 339 active companies participated in the session of which 166 closed in decline, 150 in advance while 23 remained unchanged. Consolidation was seen in cement sector stocks where movement was seen in both directions – Maple Leaf Cement (MLCF) and Lucky Cement (LUCK) closed in the green as they were up 2.4% and 0.5%, respectively, while DG Khan Cement (DGKC) and Fauji Cement Company (FCCL) fell 0.7% and 0.4%, respectively, said dealers at major brokerage.
