KARACHI: The Pakistan Stock Exchange (PSX) Tuesday maintained upward rally and added 286.22 points or 0.90 per cent to take the tally to 32164.37 points level till midday.
The stocks recorded the highest trading level of 32174.16 points and lowest level of 31866.77 points, with the volume of 83.64 million shares, having over Rs5 billion value. As many as 270 companies were active; of which 158 advanced, 96 declined and 16 remained unchanged.
Cement was the top traded sector with 18,665,800 volume, while commercial banks remained second with 17,375,400 volume.
The three top traded companies were Fauji Cement with a volume of 8,598,000 and price per share of 40.15 (1.23), BO Punjab with a volume 7,102,000 of price per share of 8.99 (0.02), and Jah.Sidd. Co with a volume 5,459,500 of price per share of 17.49 (0.58).
The top three gainers were JDW Sugar XD with price per share 325.21 (15.48), MithchellsFruit SPOT with price per share of 320 (11.61) and Honda Atlas Cars price per share of 263.11 (10.82).
The top three losers were Bata (Pak) with price per share of 3150 (-151.11), Bhanero Tex with price per share of 488.71 (-25.72) and Service Ind.Ltd per share of 870 (-24.50).
Earlier, the bullish trend helped the stocks crossing 32,000 mark by gaining 285.92 points to reach 32164.07 level at opening.
On Monday, the benchmark-100 index ended 1.85% higher as news of the central bank maintaining the policy rate at 6% spurred investors to buy banking stocks. The increase was the index’s highest this year so far, as a bearish momentum has made way for a surge in stock prices over the last few sessions. At close, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rose 1.85% or 579.55 points to end at 31,878.15. Trade volumes rose to 134 million shares compared with Friday’s tally of 141 million shares.
