KARACHI: The Pakistan Stock Exchange started week on bearish note as the benchmark shed massive 498 points to close at 52139 points level on Monday.
The stocks recorded the highest trading level of 52636.87 points and lowest level of 52036.34 points, with the volume of over 203 million shares and value of Rs12.97 billion. As many as 372 companies were active; of which 109 advanced, 251 declined and 12 remained unchanged.
Power Cement(R) was the volume leader with 23.49 million shares, shedding Rs0.04 to reach Rs2.79. It was followed by Aisha Steel Mill with 11.89 million shares, losing Rs 0.39 to end at Rs25.39 and Bank of Punjab with 10.57 million shares, dropping Rs 0.02 to close at Rs1.78.
The top three gainers were Rafhan Maize with price per share of 7400.67 (84.34), Mari Petroleum with price per share of 1714.11 (26.68) and Agriautos Ind share of 455.75 (21.70).
The top three losers were Nestle Pakistan with price per share of 10000 (-199.67), Wyeth Pak Ltd with price per share of 2426.57 (-110.26) and Millat Tractors share of 1506.42 (-44.43).
Earlier, the stocks opened bearish shedding 262 points to drop to 52374 points level in early trading. The bearish trend continued till midday as the Pakistan Stock Exchange benchmark 100-index shed 430 points to reach 52207 points level.
On Friday, market started on a positive note, but very quickly stocks witnessed profit booking on account of which KSE 100-index closed at 52,637 points level after declining by 232.14 points. Overall volume increased to 413m shares compared to 409m shares of the previous day. Traded value deceased to Rs21b/$197m.
