KARACHI: The Pakistan Stock Exchange lost the bullish trend on Monday and closed negative as benchmark 100-index shed 151.77 points to drop to 34567.52 points level.
The stocks recorded the highest trading level of 34806.66 points and lowest level of 34489.97 points, with the volume of 186 million shares, having about Rs7 billion value. As many as 345 companies were active; of which 124 advanced, 209 declined and 12 remained unchanged.
Commercial banks was the top traded sector with 44,442,700 volume, while technology & communication remained second with 27,092,500 volume.
The three top traded companies were BO Punjab with a volume of 23,009,500 and price per share of 9.30 (0.09), TRG Pak Ltd with a volume 16,086,500 of price per share of 35.59 (1.12), Sui North Gas with a volume 14,073,500 of price per share of 33.78 (0.34).
The top three gainers were Siemens Pak with price per share 1036.87 (49.37), Ferozsons (Lab) with price per share of 839.05 (28.38) and Nestle Pak XD price per share of 7190 (25).
The top three losers were Philip Morris Pak with price per share of 1700.81 (-44.66), Island Textile with price per share of 832.13 (-42.87) and Exide (PAK) per share of 769.50 (-15.83).
Earlier, The PSE opened flat and gained only 3.35 points to reach 34722.64 points level in early trading.
On Friday, upward trend continued at the stock market as the benchmark 100-index gained another 215.65 points (up 0.63%) to close at 34,719.29 points. OGDC (0.98%), POL (1.23%) and PPL (0.34%) in the E&P sector gained to close in the green zone, as crude oil prices gained to trade above $46/bbl level. PSO (down 1.79%) came under selling pressure after the oil marketing company declared a loss of Rs7.85/share in its 3QFY16 result versus market expectation of Rs3.18 per share earnings. Volume decreased by 6% to 254m shares whereas value also declined by 8.2% to Rs 13.3 billion.