KARACHI: The bullish trend continued till midday as Pakistan Stock Exchange (PSX) increased by 0.66 per cent or 220.32 points to reach 33669.94 points level on Monday.
The stocks recorded the highest trading level of 33675.32 points and lowest level of 33675.32 points, with the volume of 130 million shares, having about Rs6 billion value. As many as 277 companies were active; of which 180 advanced, 75 declined and 22 remained unchanged.
Cement was the top traded sector with 18,390,500 volume, while technology & communication remained second with 14,662,000 volume.
The three top traded companies were TRG Pak Ltd with a volume of 16,664,500 and price per share of 31.34 (1.49), Dewan Cement with a volume 14,162,500 of price per share of 14.99 (0.91), Jah.Sidd. Co. with a volume 8,074,000 of price per share of 22.25 (0.11).
The top three gainers were Sapphire Fiber with price per share 579.80 (26.90), Bhanero Tex with price per share of 599.95 (22.95) and Indus Motor Co XD price per share of 970 (19.60).
The top three losers were National Foods with price per share of 342 (-10.28), Ferozsons (Lab) with price per share of 870 (-7.32) and Premier SugerXD per share of 180 (-5.50).
Earlier, the bullish trend started new trading week on Monday as the Pakistan Stock Exchange (PSX) added 59.61 points to reach 33509.23 points in early trading.
On Friday, the PSX closed bullish after investors cheered MSCI statement of seeking feedback on reclassifying stocks to emerging market status. The benchmark KSE 100-index rallied by 310.62 points to close at 33,449.62 points. Investor interest was seen in the cement sector as the current government showed its preference towards infrastructure development, as it released Rs387 billion for development projects and Planning Commission proposed Rs1 trillion PSDP allocation in the upcoming budget. Volumes increased 25% to 204m shares while value remained flat at Rs9.7b/$92m.
