KARACHI: The Pakistan Stock Exchange witnessed a bearish day and shed 65.79 points to drop to 46633.99 points level on Friday.
The stocks recorded the highest trading level of 46826.71 points and lowest level of 46443.22 points, with the volume of over 229.38 million shares and value of Rs 10.52 billion. As many as 380 companies were active; of which 192 advanced, 163 declined and 25 remained unchanged.
Pak Int. Bulk was the volume leader with 37.25 million shares, shedding Rs 1.64 to finish at Rs 33.54. It was followed by Engro Polymer with 26.43 million shares, adding Rs 0.67 to end at Rs 18.19 and Dost Steels Ltd with 12.62 million shares, shedding Rs 0.33 to close at Rs 10.43.
The top three gainers were Rafhan Maize with price per share of 8400 (400), Bata (Pak) with price per share of 4781.79 (226.79) and Philip Morris Pak share of 2506.25 (106.25).
The top three losers were Wyeth Pak Ltd with price per share of 4553.54 (-100.90), Sapphire Tex with price per share of 1290 (-60) and Siemens Pak per share of 1499.43 (-40.90).
Earlier, the bearish note continued at the PSX as the benchmark 100-share index shed 77.60 points to reach 46,622 points level in early trading. The bearish note further intensified till midday at the Pakistan Stock Exchange and dropped 106 points to reach 46594 points level.
On Thursday, the PSX witnessed a decline of 293 points or (0.62%) to settle at 46,700 points. Habib Bank (HBL), Pakistan Petroleum (PPL) and Oil and Gas Development Company (OGDC) cumulatively contributed 182 points to fall. Negative sentiment prevailed in the oil and gas exploration companies leading OGDC, PPL and Pakistan Oil Fields (POL) to post a decline in the range of 1.45%-1.67%. PIBTL led the volumes chart with 35 million shares traded. Overall, volumes decreased by 30.4 percent to 270 million shares, while value decreased by 39.2 percent to Rs13 billion.
