KARACHI: Despite adding scores of points till midday, the Pakistan Stock Exchange shed all the gains at the last session as the benchmark 100-index lost 95.34 points to close at 39362.61 points level on Tuesday.
The stocks recorded the highest trading level of 39617.75 points and lowest level of 39362.61 points, with the volume of over 173.74 million shares, having about Rs 8.16 billion value. As many as 364 companies were active; of which 148 advanced, 202 declined and 14 remained unchanged.
Textile spinning was the top traded sector with 48,879,300 volume, while power generation & distribution remained second with 27,425,900 volume.
K-Electric Ltd was the volume leader with 13.30 million shares, losing Rs 0.07 to finish at Rs 8.63. It was followed by Amtex Limited with 11.76 million shares, shedding Rs 0.40 to end at Rs 2.14 and Media Times Ltd with 8.29 million shares, adding Rs 0.13 to close at Rs 1.85.
The top three gainers were Philip Morris Pak with price per share of 1569.75 (74.71), Murree Brewery with price per share of 905.59 (43.12) and Sanofi-Aventis per share of 752.82 (35.84).
The top three losers were Rafhan Maize with price per share of 7390 (-259.99), Unilever Foods with price per share of 5600 (-200) and Cherat Pack per share of 370.50 (-11.82).
Earlier, the Pakistan Stock Exchange opened keeping bearish note and remained flat, losing 6 points to reach 39451 points level in early trading. The PSX regained the previous losses and gained 113.05 points till midday to reach 39571 points level.
On Monday, the PSX benchmark KSE 100-share Index ended 41.14 points, or 0.10%, lower to finish at 39,457.95 points. Cement stocks traded in the red most of the day on anxiety over the outlook, however, support was found at lows as excitement over earnings overshadowed the concerns. Engro Corp (-0.5%) recovered at close as reported foreign selling at midday was mostly picked up on hopes of a bounce back after nearly 7% losses in the last three days. The biggest laggards of the sector were OGDC (-0.83%) and Pakistan Petroleum (-0.48%). Trade volumes fell to 186 million shares compared with Friday’s tally of 218 million.
