KARACHI: The Pakistan Stock Exchange Friday closed negative after shedding 232.14 points to reach 52636.87 points level over the sceptical investors’ careful trading on ‘Budget Day’.
The stocks recorded the highest trading level of 52874.63 points and lowest level of 52455.44 points, with the volume of about 432 million shares and value of Rs20.73 billion. As many as 392 companies were active; of which 186 advanced, 201 declined and 5 remained unchanged.
Power Cement(R) was the volume leader with 77.04 million shares, adding Rs0.39 to reach Rs2.83. It was followed by Engro Polymer with 25.49 million shares, adding Rs 1.06 to end at Rs33.11 and Bank of Punjab with 24.57 million shares, gaining Rs 0.02 to close at Rs1.80.
The top three gainers were Nestle Pakistan with price per share of 10199.67 (200), Colgate Palmolive with price per share of 2289 (82) and Rafhan Maize share of 7316.33 (50).
The top three losers were Wyeth Pak Ltd with price per share of 2536.83 (-132.41), Unilever Foods with price per share of 6139 (-117) and Mari Petroleum share of 1687.43 (-44.33).
Earlier, the stocks opened flat at 52,869 points level in early trading. The Pakistan Stock Exchange lost 366 points till midday to reach 52503 points level before budget speech on Friday.
On Thursday, the benchmark KSE 100-index also ended almost flat at 52,869 points. Volatile session was witnessed at the local bourse. Most of the selling pressure was witnessed during the second half of the day, after which the market closed at 52,869 levels, after losing 7 points.
Power Cement was volume leader with 46.7m shares traded while Bank of Punjab with 25.5m shares traded and Engro Polymer with 22.96m shares traded were also in limelight in the session. Volumes were down 33% to 408m shares d/d while traded value surged 3% to Rs24.4b.
