KARACHI: Opened with the positive note, the Pakistan Stock Exchange witnessed fluctuation in trading and closed negative on Friday. The benchmark 100-index lost 110.14 points to drop to 49555.83 points level at closing.
The stocks recorded the highest trading level of 49780.53 points and lowest level of 49430.90 points, with the volume of over 338 million shares and value of Rs 24.10 billion. As many as 397 companies were active; of which 115 advanced, 266 declined and 16 remained unchanged.
K-Electric was the volume leader with 46.73 million shares, adding Rs 0.11 to finish at Rs 10.52. It was followed by Lotte Chemical with 35.57 million shares, shedding Rs 0.16 to end at Rs 9.45 and TRG Pak Ltd with 20.54 million shares, adding Rs 0.13 to close at Rs 58.76.
The top three gainers were Sanofi-Aventis with price per share of 2519.87 (119.99), Wyeth Pak Ltd with price per share of 4600 (73.45) and Mari Petroleum share of 1441.99 (68.66).
The top three losers were Unilever Foods with price per share of 5725 (-275), Hinopak Motor with price per share of 1740 (-42.02) and Ferozsons (Lab) per share of 654.79 (-21.66).
Earlier, the PSX started trading with positive note and gained 51 points to reach 49717 points level in early trading. The stocks became bearish after losing 41.25 points to drop to 49624.72 points level till midday.
On Thursday, the stocks showed recovery amid support in oil stocks on upbeat OMCs YoY sales data and surge in local POL prices this week, resultantly the shares index gain 210.11 points or (0.4%) to close at 49,666 level.
Positivity prevailed in the market during most part of the day, as the index gained to make an intraday high of 478 points. Later on pressure was witnessed in the market for a brief period of time as it lost ground to make an intraday low 29 points. OGDC (higher 1.11%) gained on the back of the news that government intends to wait for further divestment of its 5 percent stake in company until its share price touches Rs200/share mark in the market.
DSL (rose 4.25%) was the volume leader with more than 57 million shares traded. Volume increased to 447 million shares as compared to 356 million shares changed hands yesterday, while traded value also rose to Rs24 billion.
