KARACHI: The Pakistan Stock Exchange Wednesday remained under pressure, however, it closed positive as the benchmark 100-index shed 42.34 points to drop to 49827.51 points level.
The stocks recorded the highest trading level of 49954.04 points and lowest level of 49645.12 points, with the volume of over 323.01 million shares and value of Rs16.79 billion. As many as 388 companies were active; of which 169 advanced, 200 declined and 19 remained unchanged.
Summit Bank was the volume leader with 22.65 million shares, adding Rs 0.21 to finish at Rs 4.96. It was followed by Azgard Nine with 21.67 million shares, shedding Rs 0.01 to end at Rs 14.11 and Engro Polymer with 20.20 million shares, losing Rs 0.94 to close at Rs 28.19.
The top three gainers were Nestle Pakistan with price per share of 9400 (200), Sanofi-Aventis with price per share of 2246.47 (106.97) and Colgate Palmolive share of 2200.33 (100.33).
The top three losers were Rafhan Maize with price per share of 7300 (-50), The Searle Co with price per share of 638.38 (29.51) and Ghandhara Ind share of 873.85 (-25.71).
Earlier, the stocks saw fluctuation in early trading but remained in green zone as the benchmark 100-index added 35 points to reach 49820.48 points level. The Pakistan Stock Exchange remained bullish till midday and added 59 points to take the tally to 49844 points level.
On Tuesday, the stock market finally broke its bullish streak as the PSX shares index lost around 326 points to close at 49,785 level (down 0.65pc) after closing in the green zone for four consecutive trading sessions previously.
Downside contributors were ENGRO (slip 2.3pc), HUBC (2.5pc), PPL (2.9pc), SEARL (4.9pc) and HBL (1pc), eroding 225 points, while INDU (gain 5pc), THALL (5pc), PAKT (4.9pc), PSMC (5pc) and MTL (2.4pc), added 90.4points to the index. Volumes declined by 5 percent d/d to 381 million shares while traded value was down 15 percent to Rs19 billion.
