KARACHI: The Pakistan Stock Exchange Monday witnessed fluctuation in trading and benchmark 100-index surged by 26.69 points to reach 33793.81 points level till midday.
The stocks recorded the highest trading level of 33832.85 points and lowest level of 33631.65 points, with the volume of 102 million shares, having about Rs4 billion value. As many as 278 companies were active; of which 129 advanced, 141 declined and 8 remained unchanged.
The three top traded companies were Sui North Gas with a volume of 12,088,000 and price per share of 28.77 (1.37), Dewan Motors with a volume 7,817,000 of price per share of 10.16 (1.00), Pak Int.Bulk with a volume 7,104,000 of price per share of 28.24 (0.68).
The top three gainers were Service Ind.LtdXD with price per share 824.99 (10.01), Ismail Industr with price per share of 209.47 (9.97) and Indus Motor Co price per share of 935 (7.61).
The top three losers were Nestle Pak XD with price per share of 7220 (-210), Bata (Pak)XD with price per share of 3250 (-150) and Shield Corp per share of 532.48 (-28.02).
Earlier, the stocks opened new trading week with bullish note and added 49.05 points to reach 33807.17 points level in early trading.
Last week, the Pakistan Stock Exchange’s 100-share index down 0.6 percent on WoW basis as both average traded volumes (-31 percent) and value (-18 percent) took a hit. Of the major sectors, cement (-1.5 percent WoW) and power (-1.3 percent WoW) closed in the red zone mainly on account of general profit-taking, whereas oil & gas sector recovered by 1 percent WoW on the back of recovery in international crude oil prices, providing some respite to the overall index level. Average daily volume fell 31 percent to 190.3m shares and average daily value declined 18 percent to Rs8.7b/$82.3m in the outgoing week. Foreign investors were net sellers of $1.5m during the week. Net selling worth $7.4m was seen in banking sector stocks. Cement stocks continued to attract attention as net buying worth $3.9m was seen in them.