KARACHI: The Pakistan Stock Exchange after witnessing a bullish day closed negative over profit-taking as the benchmark 100-index lost 3.42 points to drop to 49016.79 points level.
The stocks recorded the highest trading level of 49147.32 points and lowest level of 48961.06 points, with the volume of over 371.88 million shares and value of Rs16.02 billion. As many as 386 companies were active; of which 206 advanced, 166 declined and 14 remained unchanged.
K-Electric was the volume leader with 50.07 million shares, shedding Rs 0.46 to finish at Rs 8.41. It was followed by BoP with 29.13 million shares, adding Rs 1.00 to end at Rs 17.27 and Azgard Nine with 22.91 million shares, adding Rs 1.00 to close at Rs 11.33.
The top three gainers were Wyeth Pak Ltd with price per share of 3006.47 (143.16), Service Ind. Ltd with price per share of 1482.18 (54.85) and Millat Tractors share of 1287.18 (45.21).
The top three losers were Rafhan Maize with price per share of 7600 (-100), Unilever Foods with price per share of 6110 (-85) and Bhanero Tex per share of 807.51 (-42.49).
Earlier, the bullish note opened new day at the stock market as the benchmark 100-index gained 43 points to reach 49063 points level in early trading. The upward rally continued at the PSX till midday as it gained another 88 points to take the tally to 49108 points level.
On Tuesday, stocks continued its upward trajectory as the benchmark PSX shares index gained 322 points or (0.66%) by the close of the trading session to reach 49,020.21 points.
Market opened on a positive note and kept its previous trend as the index traded at intraday high of 362 points and intraday low of -21 points to finally close at 49,020 level, brokers said. PPL (gain 1.25%), OGDC (0.50%) and POL (0.78%) in the E&P sector closed in the green zone. Overall, volumes increased by 67.9 percent to 225 million shares, while value rose by 86.67 percent to Rs11.2 billion.