KARACHI: Opened with positive note, the Pakistan Stock Exchange Tuesday again closed negative after shedding 214.57 points to drop to 48757.67 points level.
The stocks recorded the highest trading level of 49142.77 points and lowest level of 48349.36 points, with the volume of over 315.85 million shares and value of Rs 19.34 billion. As many as 385 companies were active; of which 134 advanced, 241 declined and 10 remained unchanged.
K-Electric was the volume leader with 32.90 million shares, adding Rs 0.15 to finish at Rs 10.40. It was followed by TRG Pak Ltd with 24.02 million shares, shedding Rs -0.37 to end at Rs 54.10 and Japan Power with 19.56 million shares, losing Rs -1.00 to close at Rs 6.34.
The top three gainers were Pak Tobacco with price per share of 1214.18 (53.93), Millat Tractors with price per share of 1087.08 (51.76) and Thal Ind. Corp share of 582 (27.02).
The top three losers were Rafhan Maize with price per share of 7500.03 (-299.97), Wyeth Pak Ltd with price per share of 4106 (-158.63) and Sanofi-Aventis per share of 2380 (-110.67).
Earlier, the stocks witnessed fluctuation in early trading but remained positive as the benchmark 100-index gained 64 points to reach 49036.55 points level. The PSX continued its upward rally till midday and added 158 points to take the tally to 49130 points level.
On Monday, the PSX joined other major markets that have fallen after President Donald Trump’s travel ban on seven Muslim countries. The PSX on first trading day of the week tumbled below the psychological level of 49,000 points after in reaction to Trump’s controversial travel ban. The bench mark shares index fell by 991 points or (2%) to close at 48,972.24 points. Overall, volumes decreased by 35 percent to 389 million shares, while value declined by 20 percent to Rs20.3 billion.
