KARACHI: The Pakistan Stock Exchange (PSX) shed the early gains till midday but remained in positive zone as benchmark 100-inded added just 7.83 point to reach 33624.73 points on Wednesday.
The stocks recorded the highest trading level of 33604.18 points and lowest level of 33415.93 points, with the volume of 75.3 million shares, having about Rs3.56 billion value. As many as 254 companies were active; of which 96 advanced, 141 declined and 17 remained unchanged.
Technology & communication was the top traded sector with 13,927,000 volume, while refinery remained second with 9,228,300 volume.
The three top traded companies were TRG Pak Ltd with a volume of 8,987,000 and price per share of 33.19 (-0.04), Byco Petroleum with a volume 8,122,500 of price per share of 19.45 (0.17), Pak Elektron with a volume 3,850,500 of price per share of 59.15 (-0.21).
The top three gainers were Island Textile with price per share 689.50 (30.20), Murree Brewery with price per share of 719.49 (19.49) and Abbott Lab.XD price per share of 640.05 (16.33).
The top three losers were Nestle Pak SPOT with price per share of 7600 (-100), Ferozsons (Lab) with price per share of 800.05 (-10.72) and AL-Ghazi Trac.XD per share of 410 (-6.78).
Earlier, the stocks started with positive note and gained 105.47 points to reach 33722.37 points level in early trading.
On Tuesday, the stocks opened the day resuming downfall from the last session as the benchmark KSE-100 index dropped down 150.29 points in the morning session but recovered later by 109.37 points. The index landed with gains of 50.68 points at 33,616.90 till closing. The session had 161 advancers to 137 decliners. The market volumes contracted 30.37% to 156.496 million showing the dent to investor confidence created by the political situation. Technology and communications sector dominated the volume chart with 30.36 million shares exchanged. TRG Pakistan Limited (TRG +0.39%) made up 25.64 million of the total. The overall sector remained weak with only System Limited (SYS +1.89%) and Avanceon Limited (AVN +2.24%) recording gains.
