KARACHI: Opened on positive note, the Pakistan Stocks Exchanged (PSX) closed negative after shedding 358.78 points to drop to 45059.93 points level on Thursday.
The stocks recorded the highest trading level of 46087.58 points and lowest level of 44971.68 points, with the volume of about 148 million shares and value of Rs8.6 billion. As many as 374 companies were active; of which 102 advanced, 253 declined and 19 remained unchanged.
TRG Pak Ltd was the volume leader with 10.50 million shares, losing Rs1.05 to reach Rs36.87. It was followed by Aisha Steel Mill with 8.03 million shares, dropping Rs0.78 to end at Rs18.64 and Dewan Motors with 7.20 million shares, shedding Rs2.03 to close at Rs38.62.
The top three gainers were Unilever Foods with price per share of 6090 (290), Philip Morris Pak with price per share of 2900 (122.75) and Wyeth Pak Ltd of 2424 (45.25).
The top three losers were Sapphire Tex with price per share of 1884.80 (-99.20), Colgate Palmolive with price per share of 2302.67 (-99) and Sanofi-Aventis share of 1727.15 (-64).
Earlier, the stocks gained huge 658 points to reach 46076 points level in early trading. The PSX kept the positive note till midday and gained 75 points to reach 45494 points level.
On Wednesday, the PSX remained volatile throughout the day and closed at 45,419 points after losing 218 points. Profit booking was seen in the market where investors started reducing intraday positions.
The 100-index was dragged down by ENGRO (down 2.5%), UBL (1.4%), LUCK (1.4%), HUBC (1.5%) & OGDC (declined 1.3%), which aggregately held back 153 points; while DAWH (up 4%), PPL (1.4%), MARI (2.7%), INDU (2.7%) & APL (up 4.4%) contributed 99 points to the green. On the sector front, cements bled 81 points, banks 52 points, power 45 points, fertilizer 37 points; while OMCs added 14 points & autos 12 points. Scrips of total 361 active companies traded in the session of which 200 finished in red, 148 in green while 13 remained unchanged.
