KARACHI: The upward rally continued till midday as the Pakistan Stock Exchange (PSX) gained 80.55 points to reach 32984.87 points level on Tuesday.
The stocks recorded the highest trading level of 32999.90 points and lowest level of 32904.32 points, with the volume of 71.62 million shares, having about Rs3 billion value. As many as 283 companies were active; of which 166 advanced, 100 declined and 17 remained unchanged.
Cable & electric goods was the top traded sector with 11,667,600 volume, while technology & communication remained second with 10,479,500 volume.
The three top traded companies were TRG Pak Ltd with a volume of 9,898,000 and price per share of 28.10 (1.15), TPL Trakker Ltd with a volume 8,534,000 of price per share of 13.00 (0.86), Dewan Motors with a volume 4,569,500 of price per share of 9.89 (0.31).
The top three gainers were Sapphire Fiber with price per share 576.99 (26.99), Millat Tractors with price per share of 490 (17.50) and Sunrays Textile price per share of 394 (14.55).
The top three losers were Philip Morris Pak with price per share of 1700 (-89.21), Bata (Pak) with price per share of 3360 (-40) and Murree Brewery per share of 780 (-29.45).
Earlier, the Pakistan Stock Exchange (PSX) started trading with positive note and added 40.63 points to reach 32944.95 points to reach 32944.95 points in early trading.
On Monday, lackluster activity was witnessed at the stocks and the index closed up by 27.77 points or 0.8% at 32,904.32 points. Traded volume remained depressed as it fell 21% to 86.4m shares. Traded value fell 8% to Rs4.6b/$43.5m. Total 339 active companies participated in the session of which 166 closed in decline, 150 in advance while 23 remained unchanged. Consolidation was seen in cement sector stocks where movement was seen in both directions – Maple Leaf Cement (MLCF) and Lucky Cement (LUCK) closed in the green as they were up 2.4% and 0.5%, respectively, while DG Khan Cement (DGKC) and Fauji Cement Company (FCCL) fell 0.7% and 0.4%, respectively, said dealers at major brokerage.
