KARACHI: The bearish not prevailed all the day on Tuesday as profit-taking in banking sector continued at the Pakistan Stock Exchange that witnessed 328.50 points loss and dropped to 40954.22 points level at closing.
The stocks recorded the highest trading level of 41282.72 points and lowest level of 40759.96 points, with the volume of about 383 million shares and value of 13.11 billion. As many as 418 companies were active; of which 134 advanced, 261 declined and 23 remained unchanged.
BO Punjab was the volume leader with 52 million shares, adding Rs 0.49 to finish at Rs 16.50. It was followed by TPL Trakker Ltd with 29 million shares, gaining Rs 0.40 to end at Rs 16.88 and Nimir Resins with 18.05 million shares, adding Rs 1 to close at Rs 13.10.
The top three gainers were Wyeth Pak Ltd with price per share of 2789.43 (65.62), Sapphire Tex with price per share of 977.28 (46.53) and Sapphire Fiber share of 923.38 (43.97).
The top three losers were Rafhan Maize with price per share of 7800 (-198), Hinopak Motor with price per share of 1468.20 (-61.68) and Unilever Foods per share of 5500 (-50).
Earlier, the stocks opened with ‘severe’ bearish note as the benchmark 100-index shed 428.98 points to drop to 40853.74 points level in early trading. The Pakistan Stocks Exchange remained in bearish note till midday and dropped 373 points to reach 40909.66 points level.
On Monday, the Pakistan stocks ended bearish amid institutional profit taking in oil, banking and fertilizer scrips. The KSE 100 index shed 181.59 points to close at 41,282.72. Turnover on PSX All Shares was lower on Monday to 378 million shares as compared to 407 million shares exchanging hands on Friday. The trading value of shares also declined to Rs 12 billion from Rs 14.8 billion. Bank of Punjab remained volume leader with 49 million shares traded followed by TPL Trakker (20 million), TRG Pak (17 million), PIAC (15 million), Nimir Resins (10 million), Silk Bank (10 million), and Sui Northern Gas (8 million). Shares of 454 companies were traded at the bourse out of which the value of 162 companies’ shares registered increase while those of 276 registered decline. However, 16 companies remained unchanged.
