KARACHI: The Pakistan Stock Exchange (PSX) Friday closed negative as the benchmark KSE-100 shed 304.09 to drop to 41105.40 level.
The stocks recorded the highest trading level of 41420.05 points and lowest level of 40903.70 points, with the volume of 133.23 million shares and value of Rs7.95 billion. As many as 336 companies were active; of which 104 advanced, 206 declined and 26 remained unchanged.
Sui North Gas was the volume leader with 10.115 million shares, adding Rs5.80 to reach Rs124.49. It was followed by K-Electric with 10.05 million shares, shedding Rs0.22 to end at Rs5.75 and Pak Elektron with 9.12 million shares, losing Rs3.38 to close at Rs64.26.
The top three gainers were Rafhan Maize with price per share of 7010 (84.99), Khyber Tobacco with price per share of 1636 (76.60) and Pak Tobacco of 1499.20 (49.27).
The top three losers were Hinopak Motor with price per share of 1017.24 (-52.76), Mari Petroleum with price per share of 1415.77 (-34.70) and Sanofi-Aventis share of 1646.83 (-33.17).
Earlier, the PSX started the last trading day of the week on bearish note and shed 232 points to reach 41178 points level in early trading. The stocks remained bearish till midday and dropped 362 points to reach 41047.39 points level.
Yesterday, the stocks witnessed another range-bound session due to futures rollover. The benchmark KSE-100 index made an intra-day high of 150 points and a low of 240 points and finally closed at 41,409 points by losing 186 points.
Top 5 index point contributors were FFC (up 2.1%), HUBC (0.9%), SEARL (3%), PAKT & PKGS (up 3%), adding 76 points, while top 5 index laggards were SNGP (down 4.6%), OGDC (0.9%), PAEL (5%), PIBTL (4.5%) & ISL (3.7%) withholding 100 points from the index.
Average market volumes were up 36.2% DoD to 139.8m shares, while the traded value was up 26.5% at Rs7b/$65.5m. Volume leaders for the day remained ANL, PAEL, ASL, BOP and TRG, which cumulatively contributed to 33.6% of total volumes.
