KARACHI: The Pakistan Stock Exchange (PSX) witnessed fluctuation in trading as KSE-100 index lost 25.96 points to drop to 31934.65 points level till midday on Wednesday.
The stocks recorded the highest trading level of 31960.61 points and lowest level of 31778.07 points, with the volume of 77.09 million shares, having over Rs4.06 billion value. As many as 249 companies were active; of which 139 advanced, 97 declined and 13 remained unchanged.
Cement was the top traded sector with 13,780,000 volume, while power generation & distribution remained second with 8,275,400 volume.
The three top traded companies were Dewan Cement with a volume of 6,211,500 and price per share of 13.09 (0.43), Jahangir Siddiqui and Company Ltd with a volume 5,316,000 of price per share of 18.16 (0.56), and Pak Elektron XR with a volume 4,954,000 of price per share of 64.60 (1.42).
The top three gainers were Shield Corp. with price per share 616.18 (29.34), Mari Petroleum with price per share of 643.80 (28.25) and JDW Sugar XD price per share of 341.47 (16.26).
The top three losers were Indus Dyeing with price per share of 807.50 (-42.49), Pakistan International Container Terminal with price per share of 272.10 (-10.69) and Mehmood Tex per share of 186 (-9).
Earlier, the PSX opened negative after a long bullish spell as KSE-100 index dropped 75.99 points to reach 31884.62 points level in early trading.
On Tuesday, the stocks closed bullish led by banking and cement sector scrip on strong earnings outlook. The PSX index was up on the back of banks & cements to close at 31960.61 points, gaining 82.64 points, up by 0.26pc. Traded volume increased by 7.5pc to 144.3mn shares, while traded value increased 6pc to Rs8.58bn/US$81.7mn. Banks continued their momentum today from yesterday to close in green. BAFL, HBL & UBL closed up by 4.03pc, 2.73pc & 1.34pc respectively, stated analysts at major brokerage.
