KARACHI: The Pakistan Stock Exchange witnessed a bullish day on Wednesday and gained huge 504.16 points to take the tally to 47424.63 points level at closing.
The stocks recorded the highest trading level of 47563.46 points and lowest level of 46920.47 points, with the volume of over 273 million shares and value of Rs 16.47 billion. As many as 409 companies were active; of which 228 advanced, 161 declined and 20 remained unchanged.
K-Electric was the volume leader with 21.97 million shares, gaining Rs 0.05 to finish at Rs 9.25. It was followed by Dewan Cement with 18.90 million shares, adding Rs 1.78 to end at Rs 39.01 and BoP with 13.42 million shares, shedding Rs 0.02 to close at Rs 17.56.
The top three gainers were Nestle Pakistan with price per share of 9145.71 (433.20), Sanofi-Aventis with price per share of 2590.87 (123.37) and Pak Tobacco share of 1300 (55.40).
The top three losers were Wyeth Pak Ltd with price per share of 4605.76 (-110.24), Millat Tractors with price per share of 872.64 (-16.47) and National Refinery per share of 562.37 (-12.31).
Earlier, the Pakistan Stock Exchange continued upward rally and crossed 47,000 mark again after gaining 322 points to reach 47243 level in early trading. The PSX added another 457 points to take the tally to 47377.26 points level till midday.
On Tuesday, the stocks remained bullish despite thin trade as the index gained around 231 points to close at 46,920.47 points or (0.49pc). HBL and HASCOL led the index by contributing 83 points to the gain, brokers said. OMC led the gains in the market as the sector gained to closed (1.9pc) higher than its previous day close. HASCOL (5pc) and PSO (1.31pc) were major index movers from the aforementioned sector. Renewed interest was also seen in cement sector as DGKC, LUCK and MLCF gained between 1%-1.7%, said dealers at Topline brokerage. Overall, volumes increased by 10.5 percent to 198.6 million shares, while value rose by 22.2 percent to Rs11 billion.
