KARACHI: The Pakistan Stock Exchange Monday gained huge 469.07 points to take the tally to record level of 43739.97 points at closing.
The stocks recorded the highest trading level of 43797.69 points and lowest level of 43270.90 points, with the volume of over 345.46 million shares and value of Rs 14.10 billion. As many as 401 companies were active; of which 204 advanced, 178 declined and 19 remained unchanged.
Azgard Nine was the volume leader with 27.13 million shares, shedding Rs 0.43 to finish at Rs 9.21. It was followed by NIB Bank Limited with 22.34 million shares, gaining Rs 0.07 to end at Rs 2.22 and WorldCall Telecom with 11.57 million shares, losing Rs 0.06 to close at Rs 3.13.
The top three gainers were Wyeth Pak Ltd with price per share of 4348 (59.04), Khyber Tobacco with price per share of 1174 (43.75) and Mari Petroleum share of 1121.22 (34.53).
The top three losers were Rafhan Maize with price per share of 7790 (-148), Philip Morris Pak with price per share of 2132.50 (-107.50) and Island Textile per share of 1002.02 (-52.73).
Earlier, the Pakistan Stock Exchange opened keeping previous week’s bullish trend and took the tally to record level of 43553.59 points after gaining 282.69 points in early training. The bullish trend maintained till midday as the PSX added another 272.26 points to reach 43543.16 points level.
On Friday, the 100-share index closed at 43,270.90 points after gaining 363.53 points. The volume decreased to 375m shares as compared to 504m shares of the previous day while traded value also declined by Rs12.6b. The Pakistan Stock Exchange (PSX) exhibited resilience against incessant foreign selling as the benchmark KSE-100 index closed 0.6% WoW higher in spite of net foreign selling of $34m during the week, said JS global weekly report. It was the fourth consecutive week of net foreign selling, taking YTD and MTD net foreign selling to $204m and $9.4m, respectively.
