KARACHI: The Pakistan Stock Exchange Monday observed a bearish day as the benchmark 100-index lost 487.25 points to drop to 48520.20 points level at closing.
The stocks recorded the highest trading level of 49081.28 points and lowest level of 48489.74 points, with the volume of 251 million shares and value of Rs 11.6 billion. As many as 387 companies were active; of which 65 advanced, 304 declined and 18 remained unchanged.
Aisha Steel Mill was the volume leader with 24.97 million shares, shedding Rs 1.25 to finish at Rs 23.80. It was followed by Lotte Chemical with 18.58 million shares, adding Rs 0.47 to end at Rs 10.51 and BoP with 15.04 million shares, losing Rs 0.64 to close at Rs 14.78.
The top three gainers were Pak Tobacco with price per share of 1235.71 (58.84), Khyber Tobacco with price per share of 992.35 (47.25) and Ghandhara Ind share of 901.38 (42.92).
The top three losers were Wyeth Pak Ltd with price per share of 3766.88 (-198.25), Indus Motor Co with price per share of 1596.55 (-82.62) and Sanofi-Aventis per share of 2350 (-54.11).
Earlier, the PSX opened negative after shedding 151 points to drop to 48857 points in early trading. The bearish note continued to prevail at the Pakistan Stock Exchange as the benchmark 100-index 413.59 points to reach 48594.41 points level till midday.
On Friday, the stocks closed bearish after witnessing volatile session and dropped 54.26 points and to close at 49,008 level. The PSX, earlier, rose by 211 points but profit-taking in the second half, amid last day of futures roll-over, led the market to close negative.
Market opened on a positive note and rallied to make an intraday high of 212 points. This positivity prevailed in the market for most of the day. However, pressure was witnessed in the market during eleventh hour as the index declined to close (down 0.11%) lower than its previous day close. Overall volumes surged by 3.3 percent to 275 million shares, while value rose by 8.4 percent to Rs14.1 billion.
