KARACHI: The Pakistan Stock Exchange Tuesday witnessed a bullish day and gained huge 537.79 points and again crossed the psychological barrier of 37,000 points to close at 37517.75 points level.
The stocks recorded the highest trading level of 37594.39 points and lowest level of 36979.96 points, with the volume of 143.56 million shares, having over Rs 9.5 billion value. As many as 314 companies were active; of which 196 advanced, 103 declined and 15 remained unchanged.
Power generation & distribution was the top traded sector with 31,670,300 volume, while commercial banks remained second with 13,834,900 volume.
The three top traded companies were K-Electric Ltd with a volume of 27,395,000 and price per share of 8.15 (0.14), Pak Int.Bulk with a volume 10,790,000 of price per share of 32.50 (0.28), Engro Fert with a volume 8,843,500 of price per share of 67.40 (0.47).
The top three gainers were Rafhan Maize with price per share 8670 (405), Mari Petroleum with price per share of 976 (35.42) and Island Textile price per share of 924.99 (34.99).
The top three losers were Nestle Pak XD with price per share of 7400 (-100), Philip Morris Pak with price per share of 1559.90 (-21.76) and Exide (PAK) per share of 780 (-19.99).
Earlier, the stocks opened positive, adding 349 points to reach 37328.92 points level in early trading. The upward rally continued at the Pakistan Stock Exchange till midday as the benchmark 100-inded gained huge 552.99 points to take the tally to 37532.92 level.
On Monday, the market carried the momentum from Friday and took a plunge soon after the opening bell with the KSE 100-share index dipping by nearly 0.8% intra-day and testing support near 36,600 points. At close, the Pakistan Stock Exchange’s benchmark KSE 100-share index recorded a rise of 0.11% or 39.08 points to end at 36,979.96. Trade volumes rose to 139 million shares compared with Friday’s tally of 109 million. Shares of 331 companies were traded. At the end of the day, 126 stocks closed higher, 185 declined while 20 remained unchanged. The value of shares traded during the day was Rs7.5 billion.
