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PSX adds another huge 482pts till midday

byMatiur Rehman
04/05/2016
in Markets, Stock Exchange
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KARACHI: The upward rally continued till midday as the Pakistan Stock Exchange added another 481.82 points to reach 35379.12 points level.

The stocks recorded the highest trading level of 35431.69 points and lowest level of 34897.30 points, with the volume of 170.32 million shares, having about Rs11.11billion value. As many as 318 companies were active; of which 194 advanced, 103 declined and 21 remained unchanged.

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Technology & communication was the top traded sector with 28,234,500 volume, while cement remained second with 16,837,900 volume.

The three top traded companies were TRG Pak Ltd with a volume of 17,180,000 and price per share of 36.49 (1.24), Sui North Gas with a volume 12,111,500 of price per share of 34.30 (0.71), PTCL XD with a volume 10,293,500 of price per share of 14.93 (0.12).

The top three gainers were Rafhan Maize SPOT with price per share 9000 (250), Mari PetroleumXD with price per share of 802.45 (38.21) and Lucky Cement price per share of 577.13 (27.48).

The top three losers were Tandlianwala Sugar with price per share of 233.55 (-12.29), Blessed Tex with price per share of 145.50 (-7.49) and Shahtaj Textile per share of 116.57 (-6.13).

Earlier, the Pakistan Stock Exchange opened gaining 286.32 points and crossed the psychological barrier of 35,000 mark to reach 35183.62 points level.

On Tuesday, the stocks staged recovery as the 100-index added 329.78 points (0.95%) to close at 34,897.30 points, led by OGDC and banking stocks. In E&P sector, OGDC was the volume leader as it gained to close near its upper circuit. Recovery was seen in the cement sector, as FCCL (1.70%), MLCF (1.07%) and DGKC (1.67%) increased in value from their previous day close. Volume increased by 6.4% to 197m shares while value also increased by 31% to Rs 9.2 billion. Cement stocks gained as renewed interest was observed. DGKC, MLCF and FCCL gained by 1.6%, 1% and 1.7% respectively,

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