KARACHI: The Pakistan Stock Exchange Friday closed negative as the benchmark KSE-100 index lost 146.56 points, or 0.31pc, to drop to 46565.29 points level.
The stocks recorded the highest trading level of 46831.98 points and lowest level of 46506.12 points, with the volume of about 235.63 million shares and value of Rs9.38 billion. As many as 388 companies were active; of which 212 advanced, 152 declined and 24 remained unchanged.
K-Electric was the volume leader with 29.69 million shares, adding Rs0.13 to reach Rs6.90. It was followed by NIB Bank Ltd with 23.008 million shares, gaining Rs0.13 to end at Rs1.72 and Engro Polymer with 18.03 million shares, losing Rs1.18 to close at Rs36.50.
The top three gainers were Philip Morris Pak with price per share of 2866 (136), Pak Tobacco with price per share of 1695 (79) and Wyeth Pak Ltd of 1998.13 (71.50).
The top three losers were Nestle Pakistan with price per share of 10200 (-200), Sanofi-Aventis with price per share of 1776.66 (-71.33) and Exide (PAK) share of 938.50 (-49.39).
Earlier, the PSX opened keeping bullish note of previous day and added 112 points to reach 46824 points level in early trading. The Pakistan Stock Exchange witnessed fluctuation in trading till midday but remained in green zone as the benchmark 100-index added 32 points to reach 46743.92 points level.
On Thursday, the stocks started the post-Eid week on a bullish note as the benchmark shares index gathered around 380 points. The index compounded on gains post-Eid holidays, rising 380 points albeit on thin participation and to close at 46,712 level. The 100-index was propped up by buying in heavy weights sectors like Banks, E&P’s and Cement. PSX (slip 5pc) closed at its lower limit on first day of trading.
TRG (dip 4.9pc) in the technology sector was the most traded stock today and closed near its lower circuit due to negative investor sentiment. Key triggers providing catalyst for market performance in the near term could be upcoming results season and clarity on JIT investigations. Market participation slumped as volumes fell 36 percent to 187 million shares, while traded value declined 6 percent to Rs12.6 billion.
