KARACHI: Opened with negative note, the Pakistan Stock Exchange bounced back at the last session and gained 52.27 points to take the tally to another high level of 41464.31 points at closing on Friday.
The stocks recorded the highest trading level of 41512.44 points and lowest level of 41170.43 points, with the volume of about 407 million shares and value of 14.8 billion. As many as 402 companies were active; of which 172 advanced, 211 declined and 19 remained unchanged.
BO Punjab was the volume leader with 34.65 million shares, shedding Rs 0.43 to finish at Rs 16.98. It was followed by Bank Al-Falah with 30.37 million shares, adding Rs 1.15 to end at Rs 30.30 and TRG Pak Ltd with 29.15 million shares, gaining Rs 1.69 to close at Rs 47.13.
The top three gainers were Bata (Pak) with price per share of 4301 (101), Philip Morris Pak with price per share of 1780.34 (84.85) and Pak Tobacco share of 1191.57 (44).
The top three losers were Wyeth Pak Ltd with price per share of 2741.21 (-129.10), Colgate Palmolive with price per share of 1727.86 (-70) and Indus Motor Co per share of 1573.64 (-31.55).
Earlier, the stocks opened bearish and shed massive 234.54 points to drop to 41177.50 points level in early trading. Despite gaining some points, the Pakistan Stock Exchange remained bearish till midday as the benchmark lost 143 points to reach 41269.03 points level.
On Thursday, the stocks closed almost flat but set new record, ahead of announcement of corporate results. The 100-share index closed at 41,412.04 points after gaining 8.07 points. Both the gas utilities SNGPL (down 4.38%) and SSGC (5%) lost value to close in the red zone as OGRA clarified that it had not proposed any increase in gas prices contrary to news published earlier this week. Volumes stood at 363m shares, while traded value was Rs12.7b/$141m. BOP was yesterday’s volume leader with 33m shares, where the banking company closed (4.41%) higher from its previous day’s close.
