KARACHI: The Pakistan Stock Exchange Monday dropped 1.25 per cent or massive 459.57 points to drop to 36234.69 points level at closing.
The stocks recorded the highest trading level of 36694.26 points and lowest level of 36183.42 points, with the volume of over 205 million shares, having Rs 9.18 billion value. As many as 368 companies were active; of which 96 advanced, 254 declined and 18 remained unchanged.
Power generation & distribution was the top traded sector with 30,150,500 volume, while cement remained second with 23,914,100 volume.
The three top traded companies were K-Electric Ltd with a volume of 22,718,500 and price per share of 7.60 (-0.17), Kohinoor Spining with a volume 15,738,500 of price per share of 6.28 (0.68), TRG Pak Ltd with a volume 12,603,500 of price per share of 35.81 (-1.80).
The top three gainers were Philip Morris Pak. with price per share 1693.70 (80.60), Siemens Pak with price per share of 909.99 (40) and Millat Tractors price per share of 584.31 (27.82).
The top three losers were Colgate Palmo with price per share of 1480 (-45), Ferozsons (Lab) with price per share of 960.83 (-35.94) and Khyber Tobacco per share of 379 (-19.90).
Earlier, the Pakistan Stock Exchange witnessed bearish note and lost 204 points to reach 36490.34 points level till midday.
On Friday, positivity prevailed in the stock market with the benchmark 100-share index rallying by 153.29 points to close at 36,694.26 points. Volumes decreased by 6.1% to 199m shares while value also decreased by 3% to Rs 9.4b. Meanwhile, market during the week remained flat ahead of upcoming budget and MSCI reclassification decision in Jun 2016 as KSE-100 index closed at 36,694 levels. Average volumes clocked in at 249m shares, down by 23% during the week. Average traded value was down 11% to Rs10.1b.
