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Home Breaking News

PSX adds another 67pts as bull-run continues

byMatiur Rehman
17/03/2016
in Breaking News, Latest News, Markets, Stock Exchange
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KARACHI: Despite losing most of the gains, the Pakistan Stock Exchange (PSX) remained in green zone and added 66.67 points to reach 32957.75 points level at closing on Thursday.

The stocks recorded the highest trading level of 33116.26 points and lowest level of 32891.08 points, with the volume of 143.48 million shares, having about Rs8.78 billion value. As many as 317 companies were active; of which 144 advanced, 144 declined and 26 remained unchanged.

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Commercial banks was the top traded sector with 19,565,200 volume, while cement remained second with 18,689,000 volume.

The three top traded companies were Byco Petroleum with a volume of 8,208,000 and price per share of 18.20 (1.00), NIB Bank Limited with a volume 8,205,000 of price per share of 2.05 (0.05), K-Electric Ltd with a volume 7,102,000 of price per share of 6.96 (-0.10).

The top three gainers were Nestle Pak with price per share 6699.99 (49.99), Murree Brewery with price per share of 796.90 (27) and Philip Morris Pak price per share of 1725 (25).

The top three losers were Unilever Foods with price per share of 5196.50 (-273.50), Sapphire Fiber with price per share of 570 (-30) and Service Ind.Ltd per share of 850 (-29).

Earlier, the Pakistan Stock Exchange (PSX) opened keeping bullish note and added 122 points in early trading to cross 33,000 mark and reach 33013.41 points level. Despite losing most of the gains, the PSX remained in green zone till midday and added 85.98 points to reach 32977.06 points.

On Wednesday, the benchmark KSE-100 index touched an intra-day high of 32,941.44 before it closed at 32,891.08 up 268.06 points. Buying continued in the KMI 30 index, which shot up 627.84 points during the day and ended strong at 57,510.74 plus 416.06 points. KSE All share settled at 22,258.88 with 129.67 points positive. A total of 147 companies gained while 144 took a dip.

The market volumes were down from last session to 182.113 million but still remained higher than average volume of current year to date. The volume leader chart remained unchanged with the commercial banks on top followed by cement sector and power generation and distribution sector.

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