KARACHI: The Pakistan Stock Exchange shed massive 446.59 points to drop to 48929.12 points level at closing on Monday.
The stocks recorded the highest trading level of 49597.33 points and lowest level of 48850.90 points, with the volume of over 344.28 million shares and value of Rs 14.74 billion. As many as 405 companies were active; of which 117 advanced, 275 declined and 13 remained unchanged.
Power Cement Ltd was the volume leader with 26.23 million shares, shedding Rs 1.14 to finish at Rs 21.69. It was followed by Sui South Gas with 21.35 million shares, adding Rs 1.76 to end at Rs 41.93 and K-Electric with 17.92 million shares, losing Rs 0.21 to close at Rs 9.78.
The top three gainers were Bata (Pak) with price per share of 4100 (150), Millat Tractors with price per share of 1160.68 (55.27) and Unilever Foods share of 5850 (50).
The top three losers were Wyeth Pak Ltd with price per share of 4147.83 (-73.40), Sapphire Fiber with price per share of 1040 (-52) and Khyber Tobacco per share of 1012.50 (-37.50).
Earlier, the stocks started new week on positive note and added 71 points to reach 49446.22 points level in early trading. The Pakistan Stock Exchange remained almost flat till midday as the benchmark 100-index gained only 26 points to reach 49401.71 points level.
On Friday, the stocks closed bearish as the benchmark shares index declined by 212.59 points or (0.43%) to close at 49,375.71 points. Volatility prevailed in the market during the first half of the trading session; whereas pressure was witnessed in the market during the second half as index heavy weights such as ENGRO, OGDC and UBL declared their financial results. ENGRO (slip 4.58%) lost value to close in the red zone as the holding company declared its result for 2016. In its result, the company posted EPS of Rs131.86 along with a final cash dividend of Rs4/share taking the full year payout to Rs24/share.
