KARACHI: The Pakistan Stock Exchange (PSX) gained 139.60 points to take the tally to 31509.11 points level at closing on Tuesday.
The stocks recorded the highest trading level of 31538.65 points and lowest level of 31321.70 points, with the volume of 94.45 million shares, having about Rs5.8.86 billion value. As many as 307 companies were active; of which 132 advanced, 147 declined and 28 remained unchanged.
Commercial banks were the top traded sector with 12,361,400 volume, while technology & communication remained second with 9,913,400 volume.
The three top traded companies were TRG Pak Ltd with a volume of 5,474,500 and price per share of 24.24 (-0.21), K-Electric Ltd with a volume 5,343,000 of price per share of 6.94 (0.18), and Bank Al-Falah with a volume 5,206,000 of price per share of 25.68 (-1.35).
The top three gainers were Mari Petroleum with price per share 609.55 (29.02), Pak Suzuki with price per share of 436.65 (20.79) and Hinopak Motor price per share of 1027.80 (16.70).
The top three losers were Shezan Inter with price per share of 476 (-24.84), Ferozsons (Lab)XD with price per share of 826.30 (-20.97) and Philip Morris Pak per share of 1807.14 (-10.20).
Earlier, the Pakistan Stock Exchange continued upward rally and added 45.74 points to reach 31415.25 points level. The growing trend continued till midday as the PSX gained 84.83 points to reach 31454.34 points level
On Monday, the Pakistan Stock Exchange’s KSE-100 index rose 0.24% or 75.43 points to end at 31,369.51.
Cement stocks benefited from the positive mood, while the historic low banking spreads meant an unimpressive response in the related shares. Cement shares inched upwards on institutional buying with Fecto Cement (+5%) closing at its upper price limit for the second consecutive session on announcement of better earnings and pay-out on Friday. Lucky Cement (+3.8%) also traded higher to hit its upper limit intra-day on excitement over improved local demand.
Shares of 327 companies were traded. At the end of the day, 124 stocks closed higher, 183 declined while 20 remained unchanged. The value of shares traded during the day was Rs6.2 billion.
