KARACHI: The upward rally continued till midday at Pakistan Stock Exchange as benchmark 100-index added 226.76 points to reach 33846.60 points level on Thursday.
The stocks recorded the highest trading level of 33917.26 points and lowest level of 33618.55 points, with the volume of 156.61 million shares, having about Rs7.72 billion value. As many as 304 companies were active; of which 195 advanced, 89 declined and 20 remained unchanged.
Textile spinning was the top traded sector with 11,471,720 volume, while oil & gas exploration companies remained second with 8,654,250 volume.
The three top traded companies were Dewan Motors with a volume of 13,954,500 and price per share of 12.55 (0.70), Kohinoor Spining with a volume 12,781,000 of price per share of 6.30 (-0.43), Pace (Pak) Ltd with a volume 9,702,500 of price per share of 6.77 (0.04).
The top three gainers were Nestle Pak XD with price per share 7344 (344), Bata (Pak)XD with price per share of 3300 (69.95) and Mari PetroleumXD price per share of 722.50 (23.97).
The top three losers were Wyeth Pak Ltd XD with price per share of 1795 (-75), Indus Dyeing with price per share of 690 (-31.37) and Sunrays Textile per share of 393.19 (-20.69).
Earlier, the Pakistan Stock Exchange Thursday started positive by gaining 80.25 points to reach 33700.09 points level in early trading.
On Wednesday, the stocks witnessed a decline by 109 points (0.33 per cent) to close at 33619.84 points. The market saw profit taking with the cement sector leading the decline on lower than expected numbers of key players. CHCC, down 2.78 per cent, announced its 9MFY16 result, announcing EPS of Rs 5.91/share, which was lower than expectation of Rs6.24/share. Positivity was witnessed in the refineries on the back of strong gross refining margins prevailing in the sector as NRL rose 4.36 per cent. SNGP, up 3.52 per cent, rallied after announcing its 3Q16 result, posting an EPS of Rs 0.002/share. Volume increased by 9 per cent to 262m shares while value increased by 17 per cent to Rs 10.3b/$99m. Continued interest was observed in BYCO which led the stock to close up by 3.9 per cent.
