KARACHI: After witnessing a bullish day till midday, the Pakistan Stock Exchange shed all the early gains in the last session as the benchmark 100-index dropped 233.23 points to close at 48305.83 points level on Wednesday.
The stocks recorded the highest trading level of 48767.44 points and lowest level of 48209.89 points, with the volume of over 206.11 million shares and value of Rs10.88 billion. As many as 370 companies were active; of which 131 advanced, 222 declined and 17 remained unchanged.
K-Electric was the volume leader with 47.63 million shares, shedding Rs 0.41 to finish at Rs 9.15. It was followed by Aisha Steel Mill with 11.18 million shares, losing Rs 0.06 to end at Rs 22.60 and Power Cement with 9.63 million shares, shedding Rs 0.20 to close at Rs 19.08.
The top three gainers were Wyeth Pak Ltd with price per share of 2389 (113.76), Philip Morris Pak with price per share of 2259.69 (98.54) and Rafhan Maize share of 7800 (89).
The top three losers were Unilever Foods with price per share of 6100 (-150), Exide (PAK) with price per share of 818.10 (-18.87) and Packages Ltd per share of 825.12 (-14.01).
Earlier, the stocks opened positive as the benchmark 100 index added 228 points to take the tally to 48766.84 points level in early trading. The Pakistan Stock Exchange witnessed fluctuation in trading till midday but remained in green zone as the index gained 87 points to reach 48626 points level.
On Tuesday, stocks continued downward trajectory, as the PSX index came staggering down to make an intraday low of 594 points to finally close 117 points down at 48,539 points. TRG & SNGP led volumes with combined turnover of 26.5m shares; while SNGP & LUCK led in value, collectively trading $23.7 million. Volumes increased by 46.6% to Rs195 million shares, while traded value rose by 65.2% Rs12.0 billion.
