KARACHI: The bearish trend Friday prevailed at the Pakistan Stock Exchange as the benchmark 100-index lost 200.69 points to drop to 49191.75 points level at closing.
The stocks recorded the highest trading level of 49456.39 points and lowest level of 49048.95 points, with the volume of over 182.73 million shares and value of Rs9.76 billion. As many as 362 companies were active; of which 132 advanced, 221 declined and 9 remained unchanged.
TPL Trakker was the volume leader with 11.73 million shares, shedding Rs 0.10 to finish at Rs 15.30. It was followed by BoP with 11.53 million shares, losing Rs 0.36 to end at Rs 15.33 and K-Electric with 10.16 million shares, shedding Rs 0.14 to close at Rs 9.52.
The top three gainers were Unilever Foods with price per share of 5747.36 (273.68), Rafhan Maize with price per share of 7800 (50) and Philip Morris Pak share of 2376.99 (43.99).
The top three losers were Wyeth Pak with price per share of 2521.03 (-132.68), Mari Petroleum with price per share of 1335 (-34.41) and Khyber Tobacco per share of 1000 (-33.70).
Earlier, the stocks opened bearish and shed 124 points to reach 49268 points level in early trading. The bearish note further deepened at the Pakistan Stock Exchange as the benchmark 100-index dropped 297 points to reach 49095.35 points level till midday.
On Thursday, the lackluster activity prevailed in the market as the benchmark 100-index lost 362.28 points or (0.73 percent) to close at 49,392.44 points.
FFBL (rose 1.65%) in the fertiliser sector extended its previous day gain on the back of the news that there has been record DAP sales in the month of February 2017. FFC (decline 1.49%) and EFERT (1.59%) were major losers of the fertiliser sector. ANL was the volume leader as more than 12 million shares of the textile company exchanged hands. Overall, volumes decreased by 10 percent to 220 million shares, while value rose by 13 percent to Rs13.9 billion.
