KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday observed bearish trend after shedding 147.78 points to drop to 48375.63 points level.

The highest trading level recorded at 48909.10 points and lowest level of 48336.78 points, with the volume of over 272.27 million shares and value of Rs13.8 billion.

Shares of 380 companies were traded in the market; of which 160 advanced, 196 declined and 24 remained unchanged.

Azgard Nine remained the volume leader with 27.86 million shares, shedding Rs 0.53 to finish at Rs 12.21. It was followed by BoP with 23.44 million shares, losing Rs 0.65 to end at Rs 16.05 and Power Cement Ltd with 16.50 million shares, gaining Rs 0.69 to close at Rs 20.32.

Philip Morris Pak with price per share of 2597.49 (123.69), Nestle Pakistan with price per share of 9100 (90) and Mari Petroleum share of 1379.12 (65.67) were top gainers.

The top three losers were Rafhan Maize with price per share of 7400 (-250), Wyeth Pak Ltd with price per share of 2678.18 (-111.68) and Sanofi-Aventis per share of 2136.01 (-33.99).