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PSX witnesses variation in trading, gains 74pts at closing

byMatiur Rehman
13/05/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Friday witnessed fluctuation in trading all the day but bounced back in last session with 73.73 points gain as benchmark 100-index reached 36122.49 points level at closing.

The stocks recorded the highest trading level of 36119.05 points and lowest level of 35957.09 points, with the volume of 313 million shares, having about Rs 9 billion value. As many as 350 companies were active; of which 215 advanced, 118 declined and 17 remained unchanged.

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Technology & communication was the top traded sector with 35,647,000 volume, while cement remained second with 35,020,400 volume.

The three top traded companies were Dewan Cement with a volume of 28,118,000 and price per share of 16.57 (0.34), TRG Pak Ltd with a volume 25,262,000 of price per share of 38.38 (0.79), Pace (Pak) Ltd with a volume 24,811,000 of price per share of 7.14 (0.14).

The top three gainers were Sanofi-AventisXD with price per share 605.83 (25.93), Khyber Tobaccowith price per share of 389.02 (18.52) and Sapphire Fiber price per share of 598 (18).

The top three losers were Rafhan MaizeXD with price per share of 8453 (-442), Siemens Pak with price per share of 959.50 (-50.50) and Atlas Battery per share of 562.84 (-28.16).

Earlier, the Pakistan Stock Exchange witnessed mix trend but remained in green zone till midday as the benchmark 100-index added 38 points to reach 36083.33 points level.

On Thursday, after closing in green for seven consecutive sessions, the PSX declined by 217.47 points (0.60%) to close at 36,048 points. Volatility prevailed in the market as the index traded between an intra-day high of 36,451 points and intra-day low of 36,012 points to finally close at 36,049.

SNGPL (down 1.61%) lost ground on the back of the news that three IPPs have won their cases against the gas utility company in London Court of International Arbitration (LCIA) under their respective Gas Supply Agreements (GSAs). Volume increased by 1.3% to 304m shares while value decreased by 15% to Rs 10.3 billion.

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