KARACHI: Opened with the bullish note, the Pakistan Stock Exchange shed all the early gains in the end and closed negative after losing 59.50 points to drop to 40295.52 points level on Thursday.
The stocks recorded the highest trading level of 40861.27 points and lowest level of 40144.00 points, with the volume of about 712.16 million shares and value of 21.42 billion. As many as 419 companies were active; of which 123 advanced, 277 declined and 19 remained unchanged.
BO Punjab was the volume leader with 59.68 million shares, losing Rs 0.44 to finish at Rs 13.14. It was followed by Pace (Pak) Ltd with 56.26 million shares, gaining Rs 1.00 to end at Rs 56.26 and TRG Pak Ltd with 33.77 million shares, shedding Rs 0.46 to close at Rs 43.71.
The top three gainers were Wyeth Pak Ltd with price per share of 2199.48 (104.73), Hinopak Motor with price per share of 1371.82 (62.67) and Philip Morris Pak share of 1558 (58).
The top three losers were Rafhan Maize with price per share of 7000 (100), Nestle Pakistan with price per share of 7500 (-100) and Service Ind.Ltd per share of 1220.45 (-62.40).
Earlier, the stocks gained huge 361 points to reach the record level of 40716.30 points in early trading. The upward rally continued at Pakistan Stock Exchange till midday as the benchmark 100-index added 412.90 points to take the tally to 40767.92 points level.
On Wednesday, the positive momentum continued at stock market. Volatility prevailed in the market as the 100-share index gained 60.64 points to close at 40,355 points level. OGDC (down 0.50%), PPL (0.81%) and POL (0.61%) in the E&P sector lost value to close in the red zone, as crude oil prices remained volatile. SEARL (down 0.07%) lost value to close in the red zone, as the pharmaceutical company declared its results for FY16. In its result, the company posted consolidated EPS of Rs16.60/share along with a final cash dividend and stock bonus of Rs5/share and a 14%, respectively. Volume decreased to 435m shares as compared to 573m shares of the previous day while traded also declined to Rs13.6b/$130m.
