KARACHI: The Pakistan Stock Exchange Tuesday plunged more than 600 points over rising political tension on Dawn Leaks at closing.
The 100-index dropped 611.48 points or 1.24% to drop to 48689.42 points level and even lost 49,000 mark.
The stocks recorded the highest trading level of 49303.31 points and lowest level of 48665.09 points, with the volume of over 199 million shares and value of Rs10.73 billion. As many as 372 companies were active; of which 86 advanced, 218 declined and 15 remained unchanged.
Pak Int Bulk was the volume leader with 17.30 million shares, adding Rs 1.39 to finish at Rs 30.41. It was followed by Aisha Steel Mill with 13.08 million shares, losing Rs 0.36 to end at Rs 25.04 and Pak Elektron with 12.46 million shares, dropping Rs 5.76 to close at Rs 109.60.
The top three gainers were Sapphire Tex with price per share of 1678.19 (79.86), KSB Pumps with price per share of 397 (17.10) and Sitara Chemical share of 538.90 (16.89).
The top three losers were Sanofi-Aventis with price per share of 2371.78 (-111.72), Wyeth Pak Ltd with price per share of 2352.50 (-46.33) and Khyber Tobacco share of 840 (-44.17).
Earlier, the stocks opened after a long weekend on bearish note and shed 130.36 points to drop to 49171.54 points level in early trading. The bearish note further deepened at the PSX as the benchmark 100-index dropped 516 points to reach 48785 points level after losing 49,000 mark till midday.
On Friday, the stocks ended the week on bearish note on pressure in oil stocks amid falling global crude prices. Volatility prevailed in the market during the first half of the trading session as index continuously traded between the positive and negative zones. However, pressure was witnessed in the market during the second half as the index lost around 181 points to close at 49,301 level (down 0.4 percent).
Overall, volume decreased to 290 million shares compared to 399 changed hands on Thursday. While traded value increased to Rs16 billion/$154 million.
