KARACHI: The Pakistan Stock Exchange Thursday further shed 345.81 to drop to 49481 60 points level as profit–taking continued.
The stocks recorded the highest trading level of 49909.33 points and lowest level of 49445.69 points, with the volume of over 398 million shares and value of Rs14.75 billion. As many as 389 companies were active; of which 779 advanced, 177 declined and 23 remained unchanged.
Engro Polymer was the volume leader with 36.64 million shares, adding Rs 0.81 to finish at Rs 29. It was followed by Aisha Steel Mill with 27.94 million shares, gaining Rs 0.88 to end at Rs 26.08 and Azgard Nine with 26.97 million shares, adding Rs 0.18 to close at Rs 14.29.
The top three gainers were Sanofi-Aventis with price per share of 2358.79 (112.32), Pak Tobacco with price per share of 1591 (74.57) and Sapphire Tex share of 1522.23 (72.48).
The top three losers were Nestle Pakistan with price per share of 9014.01 (-385.99), Wyeth Pak Ltd with price per share of 2355.66 (-114.54) and Rafhan Maize share of 7200 (-100).
Earlier, the stocks opened bullish and gained 20 points to reach 49847 points level in early trading. The Pakistan Stock Exchange became bearish till midday and shed 69 points to drop to 49759 points level.
On Thursday, the stocks showed recovery led by banking and auto stocks amid strong quarter-end earnings announcements at PSX. Volatile session was witnessed at the bourse as the index traded between an intraday high of 169 points and intraday low of 140 points to finally close at 49,827.51 level by gaining 42 points. Major index gainers were HBL (rose 2.00pc), INDU (4.98pc) and DGKC (1.17pc). Overall, volume decreased to 323 million shares compared to 381 million shares changed hands yesterday, while value also declined to Rs16.7 billion/$160 million.
