KARACHI: Despite gaining some points, the Pakistan Stock Exchange closed negative with 54.51 points loss and dropped to 38415.31 points level on Tuesday.
The stocks recorded the highest trading level of 38605.82 points and lowest level of 38337.93 points, with the volume of 154.5 million shares, having about Rs 8.2 billion value. As many as 313 companies were active; of which 111 advanced, 175 declined and 27 remained unchanged.
Cement was the top traded sector with 20,505,400 volume, while power generation & distribution remained second with 19,921,900 volume
Jah.Sidd. Co was the volume leader with 16.70 million shares, gaining Rs 0.69 to finish at Rs 20.70. It was followed by K-Electric with 16.19 million shares, losing Rs 0.07 to close at Rs 7.96 and Dewan Cement with 15.84 million shares, losing Rs 0.96 to close at Rs 13.95.
The top three gainers were Unilever Foods with price per share 5249 (36), Island Textile with price per share of 960 (35.56) and Ferozsons (Lab) price per share of 1041.45 (30.26).
The top three losers were Hinopak MotorXD with price per share of 981.54 (-15.47), Millat Tractors with price per share of 587.99 (-12.70) and Atlas Battery per share of 580 (-12).
Earlier, soon after taking a positive opening, the Pakistan Stock Exchange started shedding points as the benchmark 100-index dropped 119.30 points to reach 38350.52 points in early trading. The bearish note persisted till midday as PSX shed 96 points to reach 38373.63 points level.
On Monday, the local equities started the week lower as profit-taking, mainly in financial stocks, pulled the benchmark KSE 100-share index below 38,500 points. At close, the Pakistan Stock Exchange’s benchmark index recorded a fall of 0.79% or 307.12 points to end at 38,469.82. Trade volumes rose to 149 million shares compared with Friday’s tally of 135 million.
Shares of 327 companies were traded. At the end of the day, 123 stocks closed higher, 184 declined while 20 remained unchanged. The value of shares traded during the day was Rs9.9 billion.
