KARACHI: The Pakistan Stock Exchange Monday crushed on volatility as Panama JIT has called Prime Minister Nawaz Sharif for grilling.
The PSX benchmark 100-index shed mammoth 1855.12 points to drop to 47671.80 points level at closing on first trading day of the week.
The stocks recorded the highest trading level of 49526.92 points and lowest level of 47538.17 points, with the volume of over 219 million shares and value of Rs9.27 billion. As many as 383 companies were active; of which 32 advanced, 339 declined and 12 remained unchanged.
Power Cement was the volume leader with 26.34 million shares, shedding Rs0.47 to reach Rs0.73. It was followed by BoP with 15.94 million shares, losing Rs0.24 to end at Rs0.67 and WorldCall Telecom with 13.82 million shares, shedding Rs 0.13 to close at Rs3.38.
The top three gainers were Pak Tobacco with price per share of 1585 (49.10), Tandlianwala Sugar with price per share of 179 (8) and Colgate Palmolive of 2306 (5.99).
The top three losers were Sanofi-Aventis with price per share of 1900 (-100), Mari Petroleum with price per share of 1620.55 (-78.26) and Wyeth Pak Ltd share of 2150 (-75).
Earlier, the stocks started week on negative note after shedding massive 960 points to reach 48568 points level in early trading. The bearish trend further intensified as the PSX benchmark 100-index shed huge 1824.82 points level to drop to 47702 points level till midday.
On Friday, the PSX witnessed correction and with prices declining for most stocks, KSE-100 index lost 431.41 points to close at 49,527 level. Overall, volume declined to 308 million shares compared to 368 million shares changed hand yesterday while valve also decreased to Rs8 billion/$78 million. Scrips of total 348 active companies traded in the session of which 95 culminated in red, 231 closed in green while 22 remained unchanged.
