KARACHI: The Pakistan Stock Exchange Tuesday surged by 0.94 per cent or 315.52 points to cross psychological barrier of 34000 points till midday.
The stocks recorded the highest trading level of 34027.62 points and lowest level of 33684.56 points, with the volume of 114 million shares, having about Rs5.42 billion value. As many as 301 companies were active; of which 181 advanced, 103 declined and 17 remained unchanged.
Technology & communication was the top traded sector with 20,632,500 volume, while cement remained second with 16,140,800 volume.
The three top traded companies were Dewan Motors with a volume of 10,405,500 and price per share of 13.67 (0.63), WorldCall Telecom with a volume 9,305,000 of price per share of 1.84 (0.01), Telecard Limited with a volume 4,900,000 of price per share of 3.45 (-0.12).
The top three gainers were Unilever FoodsXD with price per share 5500 (100), Exide (PAK) with price per share of 754.47 (35.84) and Packages Ltd XD price per share of 618 (24.32).
The top three losers were Siemens Pak with price per share of 920 (-12), Shezan Inter with price per share of 482 (-7) and Thal Limited per share of 250.01 (-4.99).
Earlier, the Pakistan Stock Exchange Tuesday opened recouping the overnight losses and added 161.90 points to reach 33846.46 points level in early trading.
On Monday, the benchmark 100-share index declined by 55 points to close at 33,684.56 points. Pakistan Stock Exchange opened on a negative note with the index making an intra-day low of 247 points. However, it recovered to close just 55 points down. Banking sector was a major laggard due to depressed banking sector spreads for the month of Mar-2016. UBL closed down 1.84 percent, HBL declined 0.78 percent and MCB 0.55 percent, dealers stated. Besides, profit taking continued in the cement sector, where LUCK, which went down 0.75 percent, announced lower-than-expected 9MFY16 EPS of Rs29.73. Volume decreased by 21 percent to 171m shares while value also decreased by 25 percent to Rs 6.4 billion.
