Business

KARACHI – The Pakistan Stock Exchange’s benchmark KSE-100 index shed 3.42 points to drop to 49016.79 points level.

The stocks witnessed the highest trading level of 49147.32 points and lowest level of 48961.06 points, with a volume of over 371.88 million shares and value of Rs16.02 billion. Shares of as many as 386 companies were traded; of which 206 advanced, 166 declined and 14 remained unchanged.

K-Electric remained the volume leader with 50.07 million shares, shedding Rs 0.46 to finish at Rs 8.41. This was followed by BoP with 29.13 million shares, adding Rs 1.00 to end at Rs 17.27 and Azgard Nine with 22.91 million shares, adding Rs 1.00 to close at Rs 11.33.

Wyeth Pak Ltd with price per share of 3006.47 (143.16), Service Ind. Ltd with price per share of 1482.18 (54.85) and Millat Tractors share of 1287.18 (45.21) were among the top three gainers.

The top three losers were Rafhan Maize with price per share of 7600 (-100), Unilever Foods with price per share of 6110 (-85) and Bhanero Tex per share of 807.51 (-42.49).