Business

KARACHI: The Pakistan Stock Exchange on Tuesday observed bearish trend as the benchmark KSE-100 lost 156.75 points to drop to 48523.41 points level.

The highest trading level recorded at 48685.59 points and lowest level at 48490.39 points, with the volume of over 218.17 million shares and value of Rs10.18 billion. Shares of as many as 371 companies were traded; of which 150 companies advanced, 196 declined and 25 remained unchanged.

BoP remained volume leader with 23.18 million shares, shedding Rs 0.91 to finish at Rs 16.70. It was followed by Azgard Nine with 19.05 million shares, gaining Rs 1.00 to end at Rs 12.74 and Aisha Steel Mill with 18.69 million shares, losing Rs 1.10 to close at Rs 25.68.

Philip Morris Pak with price per share of 2473.80 (117.80), Pak Tobacco with price per share of 1396.50 (66.50) and Sanofi-Aventis share of 2170 (50.75) were top three gainers.

The top three losers were Wyeth Pak Ltd with price per share of 2789.86 (-145.98), Colgate Palmolive with price per share of 2165 (-85) and Hinopak Motor per share of 1576.53 (-73.47).