KARACHI: The Pakistan Stock Exchange Tuesday lost 40,000 mark after shedding 31.23 points and reached 39991.79 points level at closing.
The stocks recorded the highest trading level of 40084.11 points and lowest level of 39943.49 points, with the volume of about 42.43 million shares and value of 13.25 billion. As many as 405 companies were active; of which 186 advanced, 200 declined and 19 remained unchanged.
K-Electric Ltd was the volume leader with 69.89 million shares, gaining Rs 0.12 to finish at Rs 9.21. It was followed by Byco Petroleum with 32.54 million shares, gaining Rs 0.57 to end at Rs 25.31 and Dewan Cement with 32.26 million shares, adding Rs 0.59 to close at Rs 21.14.
The top three gainers were Murree Brewery with price per share of 1155.76 (55.03), Service Ind Ltd with price per share of 1092.33 (52.01) and Island Textile per share of 1240 (50.83).
The top three losers were Ferozsons (Lab) with price per share of 946.73 (-49.82), Indus Dyeing with price per share of 484.50 (-25.50) and Shezan Inter per share of 472.01 (-22.99).
Earlier, the Pakistan Stock Exchange witnessed fluctuation in early trading but remained above the 40,000 mark after gaining just 7.83 points to reach 40030.85 points level. The PSX became bearish till midday and lost 25,66 points to reach 39997.36 points level.
On Monday, the local equities maintained the uptrend with the start of new week as the benchmark KSE 100-share Index closed above 40,000 points, though turnover fell 21% compared to the previous session. At closing, the Pakistan Stock Exchange’s benchmark index recorded a rise of 0.24% or 96.32 points to end at 40,023.02. Trade volumes rose to 389 million shares compared with Friday’s tally of 362 million. Shares of 447 companies were traded. At the end of the day, 260 stocks closed higher, 166 declined while 21 remained unchanged. The value of shares traded during the day was Rs12.4 billion.
K-Electric was the volume leader with 49.7 million shares gaining Rs0.21 to finish at Rs9.09. It was followed by Byco Petroleum with 22.6 million shares, gaining Rs1.17 to close at Rs24.74 and Pace (Pakistan) Limited with 18.9 million shares, losing Rs0.01 to close at Rs7.16.
