KARACHI: The Pakistan Stock Exchange Friday closed bearish as it lost the early gains in the last session as the benchmark 100-Index dropped 225.51 points to drop to 48555.30 points level at closing.
The stocks recorded the highest trading level of 48915.64 points and lowest level of 47491.65 points, with the volume of about 222 million shares and value of Rs15.77 billion. As many as 355 companies were active; of which 154 advanced, 189 declined and 12 remained unchanged.
Power Cement was the volume leader with 16.28 million shares, adding Rs0.04 to reach Rs2.09. It was followed by Bank of Punjab with 12.51 million shares, gaining Rs12.51 to end at Rs1.29 and K-Electric with 12.08 million shares, adding Rs 12.08 to close at Rs7.25.
The top three gainers were Unilever Foods with price per share of 6200 (123.50), Colgate Palmolive with price per share of 2401.16 (107.18) and Service Ind. Ltd share of 1393.87 (26.07).
The top three losers were Sapphire Tex with price per share of 2095.17 (-110.27), Wyeth Pak Ltd with price per share of 2127.15 (-86.62) and Exide (PAK) share of 930 (-43.23).
Earlier, the socks opened bearish and shed huge 753 points to reach 48027 points level in early trading. The PSE tried to recoup some losses till midday as it gained 126 points to reach 48906.96 points level.
On Thursday, the PSX benchmark shares index witnessed massive decline of 1810.76 points or (down 3.58pc) to close at the level of 48,780.81 points. KEL was the volume leader as almost 50 million shares of the power generation company exchanged hands. Participation somewhat sustained volumes at 403 million shares while traded value fell sharply by 48 percent to $262 million. Traded value of 6 MSCI-EM stocks was $129 million in regular market.
