KARACHI: Opened with positive note, the Pakistan Stock Exchange closed negative after shedding 36.44 points to drop to 48642.21 points level on Wednesday.
The stocks recorded the highest trading level of 48971.01 points and lowest level of 48501.42 points, with the volume of over 330 million shares and value of Rs 21.94 billion. As many as 410 companies were active; of which 204 advanced, 185 declined and 21 remained unchanged.
Pak Elektron was the volume leader with 19.75 million shares, adding Rs 3.72 to finish at Rs 78.28. It was followed by BoP with 19.34 million shares, gaining Rs 0.40 to end at Rs 17.78 and Oil & Gas Dev with 12.50 million shares, shedding Rs 8.04 to close at Rs 157.81.
The top three gainers were Pak Tobacco with price per share of 1325.85 (63.05), Ghandhara Ind with price per share of 1077.78 (51.32) and Millat Tractors share of 1056.19 (50.29).
The top three losers were Sanofi-Aventis with price per share of 2722 (-45.50), Service Ind. Ltd with price per share of 1506.30 (-33.95) and Wyeth Pak Ltd per share of 4749 (-30.54).
Earlier, the Pakistan Stock Exchange again opened positive and added 247.56 points to take the tally to 48926.21 points level in early trading. The PSX remained in positive zone till midday and gained 189.84 points to reach 48868.49 points level.
On Tuesday, the bearish sentiments persisted at the PSX, amid foreign selling the shares index declined by 209.89 points or (0.43%) to close at 48,678.65 level. Market opened on a shaky note, which was followed by heavy selling as the index lost to make an intraday low of 780 points. Mainly decline was seen in heavy weights such as LUCK and HBL which contributed 139 points to the index fall.
SSGC (rose 1.37%) was the volume leader as 22.6 million shares of the gas utility exchanged hands. LUCK (slump 3.23%), HBL (slide 1.98%) and OGDC (down 1.04%) were major index movers. Overall, volumes increased by 20 percent to 379 million shares, while value raised by 10.9 percent to Rs22.4 billion.