KARACHI: Opened with positive note, the Pakistan Stock Exchange Tuesday shed 173.13 points to drop to 36061.56 points level at closing.
The stocks recorded the highest trading level of 36414.39 points and lowest level of 35947.70 points, with the volume of over 221 million shares, having Rs 10.34 billion value. As many as 345 companies were active; of which 155 advanced, 170 declined and 20 remained unchanged.
Power generation & distribution was the top traded sector with 28,042,000 volume, while oil & gas marketing companies remained second with 24,433,900 volume.
Despite dropping share prices, the three top traded companies were K-Electric Ltd with a volume of 18,964,500 and price per share of 7.55 (-0.05), Sui North Gas with a volume 14,999,500 of price per share of 35.07 (-1.29), Pak Int.Bulk with a volume 12,571,000 of price per share of 30.24 (-0.37).
The top three gainers were Wyeth Pak Ltd with price per share 2200 (63.25), Khyber Tobacco with price per share of 397 (18) and Feroze 1888XD price per share of 287.62 (13.69).
The top three losers were Pak Tobacco with price per share of 1060.96 (-29.05), Siemens Pak with price per share of 960.83891 (-18.99) and Abbott Lab per share of 660.05 (-13.95).
Earlier, the PSX opened with positive note and gained 173 points to reach 36407 points level. Till midday, the stocks recouped some points and added 128.18 points to reach 36362.87 points level.
On Monday, the stocks remained bearish as the benchmark 100-share index declined by 459.57 points (1.25%) to close at 36234.69 points. Volumes increased by 3% to 205m shares while value decreased by 2% to Rs 9.1 billion. Institutional support remained in cement and textile stocks on proposals for over Rs1.675 trillion development plans and exports growth package. Foreign outflows and concerns for likely higher taxes on corporate sector played a catalyst role in bearish close in the pre-budget session at PSX.
