KARACHI: The Pakistan Stock Exchange Friday further shed 114.43 points to drop to 39872.88 points level at closing.
The stocks recorded the highest trading level of 40061.01 points and lowest level of 39538.04 points, with the volume of about 328 million shares and value of 10.84 billion. As many as 387 companies were active; of which 128 advanced, 236 declined and 23 remained unchanged.
BO Punjab was the volume leader with 47.80 million shares, losing Rs 0.59 to finish at Rs 15.74. It was followed by TRG Pak Ltd with 17.95 million shares, shedding Rs 1.37 to end at Rs 39.53 and K-Electric with 14.58 million shares, adding Rs 0.11 to close at Rs 9.10.
The top three gainers were Wyeth Pak Ltd with price per share of 3123.72 (147.45), Sanofi-Aventis with price per share of 1661.70 (79.12) and Sapphire Tex share of 1410 (54).
The top three losers were Colgate Palmolive with price per share of 1640 (-85), Service Ind Ltd with price per share of 1218.32 (-63.68) and Philip Morris Pak per share of 1950 (-40.61).
Earlier, the bearish trend forced the PSX to drop further 270 points to reach 39717 points level in early trading. The Pakistan Stock Exchange shed 129.83 points to drop to 39857.48 points level as bearish trend continued till midday, the last trading day.
On Thursday, the PSX 100-share index lost 539.50 points and fell below the psychological level of 40,000 points, closing at 39,987.31 points. Market opened on a positive note but soon came under selling pressure as jittery investors sold shares on the back of ongoing political uncertainty, brokers said. LUCK (0.19%), in the cement sector, gained as the cement manufacturer declared its result for 1QFY17. In its result, company posted EPS of Rs10.01, which was 9.1% YoY higher. Overall, volumes declined by 10.3% to 384m shares, while value decreased by 3.9% to Rs12.4b/$119m. Of total 440 scrips that participated in the session, 373 closed in negative, 54 in positive while 13 went unchanged.