PSX sheds 553 points to reach 49214 points level amid terror attacks

KARACHI – Pakistan Stock Exchange (PSX) on Wednesday observing bearish trend lost 553 points to reach 49,214 points level at closing amid recent terror attacks in Peshawar followed by Lahore.

The PSX recorded the highest trading level of 49922.34 points and lowest level of 49097.02 points, with the volume of over 417.52 million shares and value of Rs 17.46 billion. As many as 399 companies took part in trading; of which 105 advanced, 277 declined and 17 remained unchanged.

K-Electric was the volume leader with 45.36 million shares, losing Rs 0.17 to finish at Rs 9.92. It was followed by Power Cement with 39.42 million shares, adding Rs 0.78 to end at Rs 20.72 and Media Times Ltd with 19.44 million shares, gaining Rs 0.21 to close at Rs 5.08.

The top three gainers were Wyeth Pak Ltd with price per share of 4370 (106.66), Service Ind. Ltd with price per share of 1517.22 (67.22) and Jubile Life Ins share of 669.50 (24.28).

The top three losers were Sanofi-Aventis with price per share of 2575 (-76.89), Hinopak Motor with price per share of 1621.25 (-54.01) and Millat Tractors per share of 1002.65 (-51.38).