KARACHI: The Pakistan Stock Exchange Friday remained bearish all the day and also lost the psychological barrier of 40,000 after shedding 353.36 points to close at 39781.95 points.
The stocks recorded the highest trading level of 40180.33 points and lowest level of 39739.17 points, with the volume of about 505.61 million shares and value of 11.64 billion. As many as 388 companies were active; of which 129 advanced, 245 declined and 14 remained unchanged.
WorldCall Telecom was the volume leader with 44.86 million shares, gaining Rs 0.06 to finish at Rs 2.85. It was followed by Pace (Pak) Ltd with 36.01 million shares, adding Rs 0.17 to end at Rs 11.14 and Media Times Ltd with 34.10 million shares, gaining Rs 0.31 to close at Rs 4.60.
The top three gainers were Sanofi-Aventis with price per share of 992.43 (47.25), Bhanero Tex with price per share of 785.20 (37.38) and Hinopak Motor per share of 1229.29 (28.31).
The top three losers were Rafhan Maize with price per share of 7170.20 (-124.79), Island Textile with price per share of 1220.75 (-64.25) and Murree BreweryXD per share of 1072.37 (-45.98).
The bearish note continued till midday at the Pakistan Stock Exchange as the benchmark 100-index lost 178.42 points to reach 39956.89 points level.
Earlier, the stocks again opened bearish, shedding 229.42 points to drop to 39905.89 points level after losing 40,000 mark in early trading.
On Thursday, the Pakistan Stock Exchange showed massive recovery as the index rallied by 363.89 points (0.91%) and closed at 40,135.31 points. Positivity prevailed in the market as the index, after previous day’s bearish session, gained 364 points to once again cross the psychological level of 40,000 points. Banking sector led the gains in the market, as the sector closed (up 1.47%) higher from its previous day close. HBL (up 1.97%) and MCB (0.48%) were top performers of the aforementioned sector. Volumes declined by 5% to 659m shares while value declined by 10.5% to Rs17.0b/$163m. HBL and OGDC contributed 82 points to the gain in index while PACE led the volumes with 54m shares traded.
