KARACHI: Opened with bullish note, the Pakistan Stock Exchange closed bearish after shedding 188.92 points to reach 49434.89 points level on Monday.
The stocks recorded the highest trading level of 49841.10 points and lowest level of 49342.95 points, with the volume of over 302.8 million shares and value of Rs19.65 billion. As many as 380 companies were active; of which 114 advanced, 247 declined and 19 remained unchanged.
Silk Bank Ltd was the volume leader with 59.20 million shares, shedding Rs 0.01 to finish at Rs 1.87. It was followed by Azgard Nine with 24.52 million shares, gaining Rs 0.53 to end at Rs 11.45 and Lotte Chemical with 23.22 million shares, losing Rs 0.44 to close at Rs 11.82.
The top three gainers were Sanofi-Aventis with price per share of 2543.20 (115.07), Indus Dyeing with price per share of 838 (36.44) and Colgate Palmolive share of 2060 (35.42).
The top three losers were Indus Unilever Foods with price per share of 5501.67 (-199.33), Wyeth Pak Ltd with price per share of 3095.13 (-162.90) and Ghandhara Ind. per share of 817.98 (-29.74).
Earlier, the stocks started new week with positive note and added 92.58 points to reach 49716.39 points level in early trading. The upward rally continued at the Pakistan Stock Exchange as the benchmark 100-index added 139 points to take the tally to 49762 points level.
On Friday, the institutional profit-taking witnessed at PSX after two strong sessions as investor preferred to trim their positions ahead of the weekend, consequently the shares index closed 72 points down or (0.15%) at around 49,623 level. LOTCHEM and ANL led the volumes with 97 million shares traded combined.
Volatility was witnessed at the local bourse as the index continuously juggled between positive and negative zone to finally close in red zone. Overall, volumes declined by 1.5 percent to 392 million shares, while value declined by 2.8 percent to Rs17.2 billion.
