KARACHI: The Pakistan Stock Exchange (PSX) remained bullish all the day and added 268.06 points to take the tally to 32891.08 points level at closing on Wednesday.
The stocks recorded the highest trading level of 32941.44 points and lowest level of 32623.02 points, with the volume of 182.11 million shares, having about Rs8.20 billion value. As many as 316 companies were active; of which 147 advanced, 144 declined and 25 remained unchanged.
Commercial banks was the top traded sector with 62,755,600 volume, while cement remained second with 30,511,800 volume.
The three top traded companies were NIB Bank Limited with a volume of 45,443,000 and price per share of 2.00 (-0.38), K-Electric Ltd with a volume 18,197,500 of price per share of 7.06 (0.02), Fauji Cement XD with a volume 9,854,500 of price per share of 41.19 (1.00).
The top three gainers were Service Ind. Ltd with price per share 879 (29), Indus Motor Co XD with price per share of 996.65 (23.90) and Pak Tobacco price per share of 1200 (22.50).
The top three losers were Shezan Inter with price per share of 440 (-19.99), Siemens Pak with price per share of 780 (-18.75) and Sapphire Fiber per share of 600 (-16.45).
Earlier, the Pakistan Stock Exchange (PSX) regained the overnight losses and added 106.37 points to reach 32729.39 points level in early trading. The stocks remained bullish till midday and gained 238.22 points to reach 32861.24 points level.
On Tuesday, the sentiments remained weak all day long as the indexes remained in the red most of the day. The KSE-100 index scrapped off 115.54 points to touch 32,623.02. The advancers to decliner’s ratio stood at 108 to 181. The volumes jumped to 204.126 million from Monday’s 131.589 million. The commercial bank sector was traded the most and 87.65 million shares were exchanged during the day. Almost 86% of the total volume constituted of NIB Bank Limited (NIB 10.23%). The bank rallied after a notice to the exchange informed investors that the bank is in talks with MCB Bank Limited (MCB +0.64%), second largest market cap bank, for a potential acquisition or merger.
