KARACHI: The Pakistan Stock Exchange Tuesday witnessed a bearish day and also lost the 50,000 mark as the benchmark 100-index shed 326.50 points to drop to 49785.17 points level.
The stocks recorded the highest trading level of 50304.65 points and lowest level of 49532.02 points, with the volume of over 381.34 million shares and value of Rs18.97 billion. As many as 381 companies were active; of which 130 advanced, 234 declined and 17 remained unchanged.
Engro Polymer was the volume leader with 30.92 million shares, adding Rs 0.28 to finish at Rs 29.13. It was followed by Summit Bank with 29.78 million shares, adding Rs 0.43 to end at Rs 4.75 and Azgard Nine with 28.70 million shares, gaining Rs 1.00 to close at Rs 14.12.
The top three gainers were Rafhan Maize with price per share of 7350 (150), Philip Morris Pak with price per share of 2700 (100) and Indus Motor Co share of 1932.88 (92.04).
The top three losers were Unilever Foods with price per share of 6110 (-140), Wyeth Pak Ltd with price per share of 2471.51 (-55.24) and The Searle Co per share of 667.89 (-34.11).
Earlier, the stocks opened bullish and gained 193 points to take the tally to 50304.61 points level in early trading. The Pakistan Stock Exchange became bearish after shedding huge 529 points to drop to 49582 points level till midday.
On Monday, the bullish trend continued at PSX on first trading day resultantly the bench mark shares index crossed psychological barriers to close at 50,112 level by gaining 403 points or (0.81 percent).
Investor interest was seen in the automobile sector as it gained to close (3.5pc) higher than its previous day close. PSMC (gain 5pc), HCAR (4.23pc) and INDU (4.72pc) were the top performers of the aforementioned sector. Market participation sustained with volumes increasing by 1 percent d/d to 400 million shares while traded value was down 8 percent to Rs22.2 billion.
