KARACHI: The Pakistan Stock Exchange Thursday bounced back with 284.99 points to take the tally to 42907.36 points level at closing.
The stocks recorded the highest trading level of 43280.43 points and lowest level of 42622.37 points, with the volume of over 504 million shares and value of Rs 18.07 billion. As many as 403 companies were active; of which 192 advanced, 199 declined and 12 remained unchanged.
BoP was the volume leader with 40.70 million shares, shedding Rs 0.87 to finish at Rs 18.64. It was followed by Pace (Pak) Ltd with 20.58 million shares, losing Rs 0.23 to end at Rs 20.58 and K-Electric with 20.40 million shares, shedding Rs 0.03 to close at Rs 9.18.
The top three gainers were Mari Petroleum with price per share of 1101.63 (52.45), Philip Morris Pak with price per share of 2243.38 (49.83) and Indus Dyeing share of 819.85 (39.04).
The top three losers were Wyeth Pak Ltd with price per share of 4119.80 (-123.20), Island Textile with price per share of 1110 (-58.15) and Exide (PAK) per share of 1026.31 (-49.60).
Earlier, the PSX recouped all the losses it endured in the last two days as the benchmark 100-index added huge 588.10 points to take the tally to 43210.47 points level in early trading. The bullish note continued at the Pakistan Stock Exchange with 479.71 points gain till midday to reach 43102 points level.
On Wednesday, the PSX fell for second consecutive trading session on the back of concerns on recent foreign selling as the 100-share index shed 188 points and closed at 42,622 points. NML (down 4.6%) and NCL (3.1%) were major losers of the aforementioned sector. The market has gained 30% YTD, which remains one of the best in the region. Overall, volumes decreased by 32% to 394m shares, while value decreased by 23% to Rs13.6b/$130 million.
