KARACHI: The Pakistan Stock Exchange Thursday recouped most of the early losses in the last session but closed negative after shedding 16.17 points to reach 48289.66 points level.
The stocks recorded the highest trading level of 48341.17 points and lowest level of 47774.44 points, with the volume of over 180.60 million shares and value of Rs10.20 billion. As many as 367 companies were active; of which 141 advanced, 207 declined and 19 remained unchanged.
K-Electric was the volume leader with 28.53 million shares, shedding Rs 0.04 to finish at Rs 9.11. It was followed by BoP with 16.42 million shares, adding Rs 1.00 to end at Rs 15.71 and Sui North Gass with 7.76 million shares, adding Rs 1.81 to close at Rs 134.24.
The top three gainers were Unilever Foods with price per share of 6300 (200), Wyeth Pak Ltd with price per share of 2508.45 (119.45) and Philip Morris Pak share of 2357.03 (97.34).
The top three losers were Bata (Pak) with price per share of 4090 (-215), Hinopak Motor with price per share of 1532.24 (-77.76) and Sanofi-Aventis per share of 2000.15 (-66.27).
Earlier, the stocks opened bearish after shedding 196 points to reach 48110 points level in early trading. The bearish trend further intensified till midday at the Pakistan Stock Exchange as the benchmark 100-index lost massive 366 points to drop to 47940 points level.
On Wednesday, the bearish activities were witnessed at PSX on late session profit-taking in the post earning season. The benchmark shares index traded between an intraday high of 228 points and intraday low of 329 points to finally close at around 48,306 points. UBL (lose 3.02 percent) in the banking sector shed value as investors remained sceptical about market noise regarding the bank.
Moreover, PAEL (dip 1.53 percent) lost value to close in the red zone as the company declared its year end result for 2016, posting an EPS of Rs7.51/share which was lower than the street estimate. Overall, volume increased by 5.6 percent to 206 million shares, while value declined by 9.2 percent Rs10.8 billion.
