KARACHI: The Pakistan Stock Exchange Tuesday closed almost flat as the benchmark 100-Index gained only 23.70 to reach 50144.63 points level.
The stocks recorded the highest trading level of 50311.01 points and lowest level of 49920.08 points, with the volume of about 232 million shares and value of Rs13.54 billion. As many as 365 companies were active; of which 152 advanced, 193 declined and 20 remained unchanged.
Engro Polymer was the volume leader with 16 million shares, adding Rs1.64 to reach Rs34.56. It was followed by Dost Steels Ltd with 15.95 million shares, shedding Rs0.07 to end at Rs14.02 and Power Cement with 14.66 million shares, losing Rs 0.10 to close at Rs2.22.
The top three gainers were Wyeth Pak Ltd with price per share of 2316.70 (83.20), Hinopak Motor with price per share of 1629.37 (77.37) and Indus Motor Coshare of 1998.38 (51.85).
The top three losers were Island Textile with price per share of 850.94 (-44.71), Pak Tobacco with price per share of 1543.33 (-29.17) and Atlas Honda Ltd share of 591 (-18.77).
Earlier, the stocks opened previous day’s positive note and added 187 points to reach 50308 points level in early trading. The PSX became bearish till midday after shedding 148 points to drop to 49973 points level.
On Monday, the PSX benchmark shares index bounced back sharply on first trading day by rallying 1,566 points (up 3.2pc) to close above the 50,000 points level.
Top 10 index point leaders were HBL (gain 4.2pc), UBL (5pc), ENGRO (4.8pc), LUCK (3.5pc), PPL (3.4pc), DGKC (4.9pc), SNGP (5pc), DAWH (4.9pc), MCB (2.6pc) & BAHL (5pc), with combined contribution of 706 points. On the sector front, Banks added 419 points, followed by Cements (209 points), Fertiliser (177 points) and E&P’s (128 points). Market participation was mixed, as volumes increased 15 percent to 255 million shares, while traded value fell by 12 percent to Rs13.9 billion.
