KARACHI: The Pakistan Stock Exchange Thursday witnessed a bullish day as the benchmark 100-index gained 48.71 points to take the tally to another all-time high of 42949.73 points level.
The stocks recorded the highest trading level of 43206.33 points and lowest level of 42901.02 points, with the volume of over 564 million shares and value of Rs 18.35 billion. As many as 412 companies were active; of which 224 advanced, 174 declined and 14 remained unchanged.
Pace (Pak) Ltd was the volume leader with 61.23 million shares, shedding Rs 0.07 to finish at Rs 12.54. It was followed by Azgard Nine with 31.24 million shares, adding Rs 0.63 to end at Rs 9.12 and PIAC with 30.14 million shares, gaining Rs 0.03 to close at Rs 13.15.
The top three gainers were Rafhan Maize with price per share of 7700 (290), Nestle Pakistan with price per share of 8750 (200) and Sanofi-Aventis share of 2110.95 (100.52).
The top three losers were Wyeth Pak Ltd with price per share of 4522.54 (-238.02), Philip Morris Pak with price per share of 2016.35 (-93.16) and Exide (PAK) per share of 1071.74 (-50.55).
Earlier, the PSX benchmark 100-index crossed the psychological barrier of 43,000 and reached 43090.55 points level after gaining 190 points in early trading. The upward rally continued at the Pakistan Stock Exchange as the benchmark 100-index added another 205 points to reach record level of 43106 points till midday.
On Wednesday, the stocks closed all-time high after gaining 269.44 points (up0.63 percent) to close at 42,901 points.
UBL and HBL contributed 73 points while PPL and POL contributed 40 points to the gain in index. ASTL (4.59 percent) and Mughal (4.31 percent) were the top performers in the aforementioned sector.
Investors’ interest was also seen in the cement sector, as the sector gained to close (1.37 percent) higher from its previous day close. ACPL and BWCL were top performers in the aforementioned sector, while POL (2.19 percent) and PPL (1.20 percent) in the E&P sector, gained to close in the green zone on the back surge in crude oil prices, as crude oil prices crossed $48/bbl level.
Overall, volumes increased by 6 percent to 495 million shares, while value rose by 11 percent to reach Rs18.1 billion/$173 million. OGDCL announced through a notice achieving the highest-ever crude production of 50157 barrels per day.
