KARACHI: The Pakistan Stock Exchange endured a rollercoaster ride on Tuesday and shed massive 1678.90 points to close at 44914.44 points level as volatility continued.
The stocks recorded the highest trading level of 46777.33 points and lowest level of 44823.56 points, with the volume of about 295 million shares and value of Rs12.95 billion. As many as 391 companies were active; of which 32 advanced, 340 declined and 19 remained unchanged.
BoP was the volume leader with 47.73 million shares, shedding Rs0.09 to reach Rs0.06. It was followed by K-Electric with 25.06 million shares, adding Rs0.03 to end at Rs6.95 and Askari Bank with 13.90 million shares, losing Rs0.94 to close at Rs18.66.
The top three gainers were Sazgar Eng with price per share of 226.11 (10.76), Biafo Ind with price per share of 261.94 (8.89) and Climax Eng of 173.95 (8.28).
The top three losers were Unilever Foods with price per share of 5985 (-315), Sanofi-Aventis with price per share of 1847.75 (-97.25) and Indus Motor Co share of 1771.89 (-93.25).
Earlier, the stocks started day on positive note and gained 164 points to reach 46758 points level in early trading. The PSX shed huge 1494 points to drop to 45099.16 points level till midday.
On Monday, bear-urn continued as the benchmark KSE-100 index concluded the session at the level of 46,593.34 with a substantial decline of 265.22 points. Volatile trend was witnessed in the market as the index traded between an intraday high of 225 points and an intraday low of 546 points.
Worst index point performers were FFC (slip 3.4pc), HBL (1.1pc), SNGP (3.3pc), DGKC (2.6pc) and ENGRO (1.3pc), eroding 160 points, while OGDC (gain 1.6pc), MCB (1.7pc), POL (2.4pc), HUBC (1.4pc) and KTML (5pc) added 127 points. Within the sectors, Fertiliser shed 78 points, Cement 64 points, Auto Assembler 56 points, Bank 54 points and OMC’s 44 points; while E&P’s added 67 points, Textile 37 points, Technology 17 points & Power 17 points.
Volume traded increased to 170 million as compared to 130 million in the previous trading session. While traded value rose 22 percent to Rs9.1 billion.