KARACHI: The Pakistan Stock Exchange recouped some losses as the benchmark 100-index gained 85.97 points to reach 49015.09 points level at closing on Tuesday.
The stocks recorded the highest trading level of 49103.59 points and lowest level of 48655.92 points, with the volume of over 343 million shares and value of Rs 14 billion. As many as 399 companies were active; of which 148 advanced, 233 declined and 18 remained unchanged.
Power Cement Ltd was the volume leader with 36.29 million shares, shedding Rs 1.04 to finish at Rs 20.65. It was followed by K-Electric with 34.87 million shares, adding Rs 0.03 to end at Rs 9.81 and Aisha Steel Mill with 29.40 million shares, gaining Rs 1.11 to close at Rs 27.06.
The top three gainers were Wyeth Pak Ltd with price per share of 4229 (81.17), Ferozsons (Lab) with price per share of 566.59 (25.70) and Indus Dyeing share of 583.50 (23.50).
The top three losers were Rafhan Maize with price per share of 7850 (-138.33), Colgate Palmolive with price per share of 1900 (-100) and Pak Tobacco per share of 1120.87 (-58.63).
Earlier, the stocks opened bearish 175.47 points to further drop to 48753.65 points level in early trading. The Pakistan Stock Exchange become flat till midday and shed 0.88 points to reach 48928.24 points level.
On Monday, the stocks closed negative amid pressure in energy and fertiliser stocks post major earning announcements at PSX, the benchmark shares index closed down 446.59 points or (0.9 percent).
Volatility prevailed in the market during the first half of the trading session; whereas heavy profit taking was witnessed in the market during the second half of the day as the index lost 447 points to close at 48,929 level, brokers said. Banking sector, however, closed higher, as the sector heavy weights HBL (rose 1.2 percent) and UBL (1.5 percent) gained to close in the green zone.
Profit taking to some extent was witnessed in the cement sector, as sector heavyweights DGKC (slip 2.0 percent), MLCF (2.7 percent), LUCK (0.3 percent) and POWER (5.0 percent) lost value to close in the red zone. Overall, volumes decreased by 7.8 percent to 344 million shares, while traded value declined by 27.5 percent Rs14.7 billion.
