KARACHI: The Pakistan Stock Exchange on Thursday continued downward trajectory and lost 45,000 mark after shedding 449.74 points to drop to 44746.63 level at closing.
The stocks recorded the highest trading level of 45259.77 points and lowest level of 44556.18 points, with the volume of 144.23 million shares and value of Rs6.55 billion. As many as 373 companies were active; of which 85 advanced, 271 declined and 17 remained unchanged.
Bank of Punjab was the volume leader with 14.11 million shares, shedding Rs0.24 to reach Rs11.97. It was followed by Lotte Chemical Pakistan Ltd with 10.74 million shares, losing Rs0.40 to end at Rs11.26 and Unity Foods Limited with 8.12 million shares, dropping Rs1.66 to close at Rs31.66.
The top three gainers were Rafhan Maize Products Ltd with price per share of 7900 (150), Siemens (Pak) Eng. Co. Ltd with price per share of 1046.35 (43.98) and Bhanero Textile Mills Ltd of 849 (27.22).
The top three losers were Unilever Pakistan Foods Ltd with price per share of 2329.14 (-122.58), Khyber Tobacco Co. Ltd with price per share of 724.25 (-38.11) and Sanofi-Aventis Pakistan Ltd share of 1283.75 (–31.25).
The bearish trend further intensified at the Pakistan Stock Exchange (PSX) as the benchmark 100-index shed massive 522 points to drop to 44674 level till midday on Thursday.
The stocks opened bearish and shed 120 points to reach 45076 level in early trading.
Yesterday, bulls continued to dominate the PSX as the benchmark KSE-100 index lost 292 points to close at 45,196. The index opened lower and continued on a downward slide, touching the day’s low of 45,161 points towards the day’s close.
Trading remained dull as only 131.2 million shares worth Rs5.2 billion were traded at the exchange; 132 of the 377 traded scrips advanced, 223 declined and 22 remained unchanged. The commercial banking sector dominated trading with 29.7m shares traded, while the chemical sector followed with 21.3m shares changing hands.
