KARACHI: The Pakistan Stock Exchange Tuesday shed huge 464.56 points to drop to 37919.42 points level at closing on Monday.
The stocks recorded the highest trading level of 38443.12 points and lowest level of 37768.25 points, with the volume of 108.55 million shares and value of Rs4.75 billion. As many as 337 companies were active; of which 53 advanced, 263 declined and 21 remained unchanged.
WorldCall Telecom was the volume leader with 15.78 million shares, adding Rs0.03 to reach Rs2.90. It was followed by K-Electric Ltd with 11.05 million shares, shedding Rs0.04 to end at Rs6.04 and TRG Pak Ltd with 10.50 million shares, shedding Rs1.45 to close at Rs27.60.
The top three gainers were Colgate Palmolive with price per share of 2840 (90), Bhanero Tex with price per share of 694.58 (33.07) and Khyber Tobacco of 1590 (13.77).
The top three losers were Wyeth Pak Ltd with price per share of 1371.80 (-72.20), Sanofi-Aventis with price per share of 1153.81 (-52.20) and Mari Petroleum share of 1398.38 (-51.60).
The stocks opened negative and shed 108 points to reach 38276 points level in early trading. The PSX shed massive 381 points to drop to 38003 level till midday.
Yesterday, the stocks fell sharply lower on first trading day of the week amid thin activity on concerns for ongoing political noise.
The KSE-100 index – as has been the case over the past few months – churned out a lackluster performance, shedding 262 points and closing at 38,384 points, not carrying on from Friday’s session, when the index shot up 701 (+1.83%).
Volumes during the day stood at 50m shares, the lowest since Jul-2014, while value traded stood at $24m, down 71% from Friday’s activity.
Volume leaders during the day were TRG (down 4.97%), ANL (up 0.14%), KEL (down 1.14%) and WTL (down 3.04%). Brief participation from the institutional side was seen in E&P sector where POL (down 0.69%), PPL (1.24%) and OGDC (0.41%) closed in the red. Pressure was seen in the cement sector, where MLCF (down 0.97%), FCCL (2.15%), DGKC (1.98%) and LUCK (1.98%) were major laggards.
