KARACHI: The Pakistan Stock Exchange Thursday opened keeping bullish note of the previous day and added 116.12 points to reach 40200.99 points level in early trading.
On Wednesday, the stocks surged by one percent after a much-larger-than-expected jump in monthly cement sales that invited investors interest in the shares as the benchmark 100-index closed higher having 39994.11 points with a positive change of 305.13.
Turnover surged 160 million shares to 498.46 million shares. Trading value increased to Rs17.74 billion from Rs14.05 billion. Market capital expanded to Rs8.05 trillion from Rs7.98 trillion. Out of 446 companies, 306 ended up, 118 closed down and 22 remained unchanged.
Highest increase was recorded in Wyeth Pak Ltd. Its share price closed up Rs95 at Rs1,995/share, followed by Service Industries Ltd that rose Rs49.19 to end at Rs1,345.58/share. Major decrease was registered in Philip Morris Pak. Its share value ended down Rs79.38 at Rs1,510.10/share, followed by Unilever Foods that fell Rs50 to close at Rs5,300/share.
