KARACHI: The Pakistan Stock Exchange Monday witnessed a bearish day and closed negative after shedding 290.89 to drop to 48648.16 points level.
The stocks recorded the highest trading level of 49049.43 points and lowest level of 48633.26 points, with the volume of over 237.97 million shares and value of Rs10.44 billion. As many as 371 companies were active; of which 113 advanced, 237 declined and 21 remained unchanged.
BoP was the volume leader with 25.87 million shares, shedding Rs 0.74 to finish at Rs 17.61. It was followed by Aisha Steel Mill with 21.26 million shares, dropping Rs 0.42 to end at Rs 26.78 and K-Electric with 16.96 million shares, losing Rs 0.14 to close at Rs 8.53.
The top three gainers were Philip Morris Pak with price per share of 2356 (116.84), Hinopak Motor with price per share of 1650 (51.83) and Murree Brewery share of 807 (16.12).
The top three losers were Wyeth Pak Ltd with price per share of 2935.84 (-147.96), Unilever Foods with price per share of 6050 (-50) and Ghandhara Ind per share of 870.60 (-45.78).
Earlier, the stocks opened on negative note and shed 96 points to drop to 48875 points in early trading. The bearish note further deepened till midday as the Pakistan Stock Exchange witnessed 113 points loss to reach 48858 points level.
On Friday, the stocks closed lower amid pressure in banking stocks. KSE-100 index remained lacklustre during the day as the index traded between an intraday high of 122points and low of 89 points to close at 48,971 level (down 46 points), owing to jitters from the political backdrop. Overall, volumes increased by 11.3 percent to 353 million shares, while value decreased by 14.3 percent to Rs11.3 billion/ $108.63 million. KEL (gain 3.21%), BOP (5.67%) and ASL (4.97%) were the volume leaders.
