KARACHI: The Pakistan Stock Exchange (PSX) Friday witnessed volatility and closed negative after shedding 265.58 points to drop to 44551.13 level.
The stocks recorded the highest trading level of 44825.78 points and lowest level of 44196.57 points, with the volume of 271 million shares and value of Rs9.17 billion. As many as 351 companies were active; of which 146 advanced, 175 declined and 30 remained unchanged.
K-Electric Ltd was the volume leader with 39.16 million shares, adding Rs0.11 to reach Rs6.89. It was followed by BoP with 19.44 million shares, gaining Rs0.09 to end at Rs9.94 and Azgard Nine with 19.25 million shares, adding Rs0.47 to close at Rs15.17.
The top three gainers were Khyber Tobacco with price per share of 1012.97 (46.03), Sitara Chemical with price per share of 364.39 (17.35) and Shield Corp Ins of 387.67 (16.50).
The top three losers were Shezan Inter with price per share of 532.95 (-28.05), Hinopak Motor with price per share of 1127.34 (-23.76) and United Brands share of 450.13 (-23.69).
On Thursday, stock market finally succumbed to profit-taking after seven consecutive positive sessions, with the 100-share index shedding 246 points to close at 44,817 points.
Market has gained 6.4% since last negative close. The benchmark index from its 19th December low of 37,991 points, has gained 18.8% (+11.3% YTD).
Top 5 index point detractors included POL (down 4.6%), HBL (1.3%), LUCK (2.1%), OGDC (1.2%) & UBL (1.4%), which withheld 177 points from the index while PIBTL (up 5.7%), SEARL (2.3%), KEL (2.3%), MARI (2%) & PPL (0.2%) added 65 points. Cements, after rallying for a past few days, closed lower.
Volumes declined to 246m shares as against 340m shares Wednesday (-28% DoD). Average traded value also declined by 45% DoD to reach $89.5m as against $164m of the previous day.
