KARACHI: The bearish trend started new week as Pakistan Stock Exchange (PSX) Monday added 227.24 points to take the tally to 32706.22 points level at closing.
The stocks recorded the highest trading level of 32851.23 points and lowest level of 32461.91 points, with the volume of 152.17 million shares, having about Rs8.70 billion value. As many as 329 companies were active; of which 167 advanced, 142 declined and 20 remained unchanged.
Commercial banks was the top traded sector with 16,294,600 volume, while cable & electrical goods remained second with 12,169,900 volume.
The three top traded companies were Engro Fertilizer with a volume of 9,439,500 and price per share of 81.11 (-0.04), TRG Pak Ltd with a volume 7,177,000 of price per share of 27.87 (0.25), and Pace (Pak) Ltd with a volume 6,904,500 of price per share of 6.72 (0.13).
The top three gainers were Nestle Pak with price per share 7500 (250), Unilever Foods with price per share of 6000 (200) and Bata (Pak) price per share of 3400 (110).
The top three losers were Colgate Palmo with price per share of 1470 (-20), Ghandhara Ind with price per share of 408.34 (-17.62) and JDW Sugar per share of 330 (-9.78).
Earlier, the stocks opened keeping last week’s bullish trend and gained 208.56 points to reach 32687.54 points level. Till midday, the PSX continued the upward rally and added 286.49 points to reach 32765.47 points level.
Last week, the benchmark KSE-100 index increased 3.8% to close at 32,479 index level. Average daily volume increased 24% to 144.3m shares and average daily value rose 22% to Rs8.5b/$81.4m. Over the week, commercial banks, financial services and pharma & biotech sector increased by 7.2%, 4.8% and 4.6%, respectively. Decline was seen in beverages, tobacco and forestry sector, which were down 7.8%, 7.4% and 3%, respectively.
