KARACHI: The Pakistan Stock Exchange Tuesday remained bearish over continued profit-taking as benchmark 100-index dropped 173.62 points to reach 48865.79 points level.
The stocks recorded the highest trading level of 49039.41 points and lowest level of 48687.26 points, with the volume of over 413 million shares and value of Rs 20.19 billion. As many as 408 companies were active; of which 193 advanced, 202 declined and 13 remained unchanged.
Engro Fert was the volume leader with 36.10 million shares, shedding Rs 3.66 to finish at Rs 4.99. It was followed by Azgard Nine with 33.95 million shares, adding Rs 0.47 to end at Rs 10.34 and K-Electric Ltd with 28.90 million shares, gaining Rs 0.03 to close at Rs 9.35.
The top three gainers were Hinopak Motor with price per share of 1823 (38), National Refinery with price per share of 635.90 (30.28) and sland Textile share of 1177.75 (28.91).
The top three losers were Wyeth Pak Ltd with price per share of 5000 (-198), Sanofi-Aventis with price per share of 2710 (-120) and Sapphire Fiber per share of 864.75 (-45.25).
Earlier, the Pakistan Stock Exchange opened negative and shed 228 points to drop to 48811 points level in early trading. The Pakistan Stock Exchange regained some early losses till midday but remained bearish as benchmark 100-index lost 95.27 points to reach 48944.14 points level. The stocks regained some early losses till midday but remained bearish as benchmark 100-index lost 95.27 points to reach 48944.14 points level.
On Monday, the stocks closed flat amid last session profit-taking in oil, textile and banking sectors. Opened on a positive note, the index rallied to make an intraday high of 49,439 but came under selling during latter hours, however the index closed in green gaining 1.18 points.
OGDC (down 1.19%) and PPL (0.67%) were the major index movers from the aforementioned sector. Top contribution to the index came from UBL (higher 0.61%) and MCB (1.02%) whereas HBL (slump 0.76%) and LUCK (0.54%) weighed down on the index. Overall, volumes increased by 14.4 percent to 492 million shares, while value remained flat at Rs20.8 billion/$200 million. DSL (slipped 0.77%) was volume leader as more than 33 million shares of the scrip exchanged hands.
