KARACHI: The Pakistan Stock Exchange Friday witnessed fluctuation in trading and closed negative after shedding 86.86 points to drop to 42324.94 points level.
The stocks recorded the highest trading level of 42505.70 points and lowest level of 42253.84 points, with the volume of over 490 million shares and value of Rs 12.31 billion. As many as 396 companies were active; of which 218 advanced, 165 declined and 13 remained unchanged.
Dost Steel was the volume leader with 63.13 million shares, shedding Rs 0.15 to finish at Rs 5.03. It was followed by Japan Power with 46.70 million shares, gaining Rs 0.14 to end at Rs 6.66 and PIAC with 45.17 million shares, adding Rs 0.51 to close at Rs 45.17.
The top three gainers were Wyeth Pak Ltd with price per share of 4112.37 (195.82), Philip Morris Pak with price per share of 2016 (95.98) and Sanofi-Aventis share of 1736.70 (82.70).
The top three losers were Colgate Palmolive with price per share of 1600 (-40), Indus Motor Co with price per share of 1516.07 (-23.38) and AL-Ghazi Tractors per share of 621.01 (-21.61).
Earlier, the Pakistan Stock Exchange witnessed variation in early trading and added 14.28 points to reach 42426.08 points level. The PSX remained volatile till midday as the benchmark 100-index added 22 points to reach 42434.02 points level.
On Thursday, stocks closed almost flat amid consolidation in the post-earnings season at PSX. Volatility persisted in the market as the index, which traded between an intra-day high of 122 points and intra-day low of 77 points, finally close up by 7.33 points at 42,411.80 points.
Overall, volumes increased by 28.8% to 496m shares, while value increased by 19.2% Rs15.5b/$148m. Recovery in global crude prices on likely OPEC output freeze supported oil stocks. Cements stocks outperformed on speculations over earnings in CPEC projects and rising local cement prices.
