KARACHI: The Pakistan Stock Exchange Tuesday remained bearish all the day mainly due to profit-taking as the benchmark 100-index shed 74.26 points to drop to 40340.46 points at closing.
The stocks recorded the highest trading level of 40508.95 points and lowest level of 40129.70 points, with the volume of about 903.22 million shares and value of 20.73 billion. As many as 404 companies were active; of which 167 advanced, 218 declined and 19 remained unchanged.
Dewan Salman was the volume leader with 70.67 million shares, losing Rs 0.58 to finish at Rs 8.19. It was followed by Pace (Pak) Ltd with 59.84 million shares, gaining Rs 0.34 to end at Rs 10.12 and BO Punjab with 39.44 million shares, shedding Rs 0.48 to close at Rs 12.14.
The top three gainers were Nestle PakistanXD with price per share of 7500 (100), Pak Services with price per share of 861 (41) and Hinopak Motor per share of 1204.27 (32.96).
The top three losers were Service Ind.LtdXD with price per share of 1334.73 (-44.09), Murree BreweryXD with price per share of 1136.10 (-40.63) and Ghandhara Ind per share of 675.32 (-35.09).
Earlier, the stocks opened negative and lost 57.73 points to drop to 40356.99 points in early trading. The bearish note continued till midday as the Pakistan Stock Exchange benchmark shed further 76.63 points to reach 40338.09 points level. The PSX also witnessed the lowest level of 40129.70 points, when the index lost 283 points but regained some losses.
On Monday, the local equities maintained their winning streak heading into the new week with the benchmark KSE 100-share Index touching a fresh record high, settling above 40,400 points. At close, the Pakistan Stock Exchange’s benchmark index recorded a rise of 0.13% or 51.04 points to end at 40,414.72.
Volumes increased by 3% to 876 million shares while value rose by 15% to the highest value recorded in over a year of Rs19.2b/$184m. Last time it was on July 7, 2015 when value of 19.2bn was observed.
Positivity prevailed as the index rallied by around 52 points to close at an all-time high level. HCAR (up 5.0%) continued to remain in the limelight on the back of 50% MoM increase in sales for the month of August. Of total 462 active companies that participated in the session, 292 rose while 156 declined and 14 remained unchanged.
