KARACHI: Opened with positive note, the Pakistan Stock Exchange closed bearish after shedding 209.89 points to drop to 48678.65 points level on Tuesday.
The stocks recorded the highest trading level of 49006.00 points and lowest level of 48108.93 points, with the volume of over 379 million shares and value of Rs 22.41 billion. As many as 403 companies were active; of which 133 advanced, 257 declined and 13 remained unchanged.
Sui South Gas was the volume leader with 22.57 million shares, adding Rs 0.53 to finish at Rs 39.17. It was followed by Faysal Bank with 21.29 million shares, gaining Rs 1.23 to end at Rs 25.84 and Aisha Steel Mill with 16.73 million shares, gaining Rs 0.43 to close at Rs 18.42.
The top three gainers were Unilever Foods with price per share of 5900 (150), Rafhan Maize with price per share of 7950 (140) and Wyeth Pak Ltd share of 4779.54 (69.33).
The top three losers were Service Ind.Ltd with price per share of 1540.25 (-37.02), Lucky Cement with price per share of 853.71 (-28.52) and Sanofi-Aventis per share of 2767.50 (-22.92).
Earlier, the stocks opened positive after long bearish spree as the benchmark 100-index added 27.83 points to reach 48916.37 points level in early trading. The Pakistan Stock Exchange became bearish till midday and shed huge 533 points to reach 48355 points.
On Monday, the bearish momentum prevailed at the PSX on first trading day as the market, after opening on a positive note, soon came under selling pressure due to which the index lost 322 points during the day to close at 48,888.54 points. Banking sector led the decline in the market, as index heavy weights HBL (down 2.26%), MCB (2.06%) and UBL (4.49%) lost value to close in the red zone. HBL, UBL and MCB contributed 210 points to the fall. FFBL (rose 1.25%) and EFERT (1.15%) were major gainers of the aforementioned sector. Overall, volumes decreased by 38.5 percent to 316 million shares, while value declined by 8.9 percent to Rs20.2 billion/$194 million.
