KARACHI: The Pakistan Stock Exchange bounced back on Wednesday as the benchmark 100-index added 560.01 points to take the tally to 45474.46 points level.
The stocks recorded the highest trading level of 45765.35 points and lowest level of 43826.67 points, with the volume of about 295 million shares and value of Rs16.62 billion. As many as 372 companies were active; of which 190 advanced, 168 declined and 14 remained unchanged.
TRG Pak Ltd was the volume leader with 23.27 million shares, shedding Rs1.63 to reach Rs42.72. It was followed by BoP with 20.20 million shares, dropping Rs0.05 to end at Rs10.81 and K-Electric with 20.02 million shares, losing Rs0.10 to close at Rs6.85.
The top three gainers were Service Ind. Ltd with price per share of 1359 (49), Millat Tractors with price per share of 1336.04 (46.06) and Pak Suzuki of 764.34 (32.79).
The top three losers were Pak Services with price per share of 902.50 (-47.50), Wyeth Pak Ltd with price per share of 2038.75 (-42.25) and Hinopak Motor share of 1321.25 (-32.50).
Earlier, the stocks gained 58 points in early trading to reach 44972 points level. The Pakistan Stock Exchange (PSX) again witnessed bearish note and shed 186 points to drop to 44728 points level till midday.
On Tuesday, the bloodbath activity was witnessed at the PSX as aggressive selling was observed in the latter hours of the day, dragging down the benchmark 100-share index by 1,679 points. The index closed at 44,914 points.
Top 10 index point losers were HBL (slip 4.9pc), OGDC (4.8pc), MCB (5pc), ENGRO (4pc), LUCK (3.5pc), PPL (4.6pc), FFC (5pc), DGKC (4.3pc), POL (4.2pc) and UBL (1.9pc), which cumulatively eroded 742 points from the index. Within the 100 index constituents, 88 scripts closed lower, nine were unchanged while only three were positive. On the sector front, Banks shed 418 points, E&P’s 217 points, Cement 214 points, Fertiliser 187 points, OMC’s 108 points and Auto Assemblers 95 points.
Scrips of total 386 active companies traded in the session of which 343 finished in negative, 25 in positive while 18 remained unchanged. Market participation shot up as volumes spiked 73pc to 295m shares, while traded value rose 42pc to Rs13b.
