KARACHI: The Pakistan Stock Exchange Monday gained mammoth 511.35 points to close at record level of 49876.18 points.
The stocks recorded the highest trading level of 49937.25 points and lowest level of 49364.83 points, with the volume of over 600 million shares and value of Rs 24.47 billion. As many as 417 companies were active; of which 259 advanced, 141 declined and 17 remained unchanged.
K-Electric was the volume leader with 213.82 million shares, adding Rs 0.60 to finish at Rs 10.16. It was followed by Lotte Chemical with 27.24 million shares, gaining Rs 0.36 to end at Rs 9.13 and Japan Power with 25.95 million shares, adding Rs 0.81 to close at Rs 7.03.
The top three gainers were Sapphire Tex with price per share of 1291.50 (61.50), ICI Pakistan with price per share of 1218.27 (58.01) and Service Ind. Ltd share of 1560.66 (56.75).
The top three losers were Wyeth Pak Ltd with price per share of 4595.73 (-144.26), Sanofi-Aventis with price per share of 2582.25 (-55.96) and Island Textile per share of 1220 (-39.99).
Earlier, the stocks started week on bullish note and gained 329.44 points to take the tally to 49694.27 points level in early trading. The bullish note continued at the Pakistan Stock Exchange as the benchmark 100-index gained another 453 points till midday to reach 49818 points level.
On Friday, the stocks closed on new highs led by selected scrips across the board, the shares index for the first time ever surpassed 49,000 points by rallying 324 points or (0.66%) to close at 49,038 level.
NML (rose 4.93%), NCL (4.85%) and GATM (5%) were top performers of the aforementioned sector. Fertiliser sector continued to garner investor interest as the sector gained to close (up 1.7%) higher than its previous day close. FFC (2.40%) and FATIMA (4.93%) were major gainers of the aforementioned sector. DSL was the volume leader with 51 million shares traded, as it gained to close on its upper circuit. Cement sector continued to remain under pressure despite the release of cement dispatch numbers by APCMA, which indicated a YoY increase of 3.33 percent for the month of December 2016. Overall, volumes increased by 30.6 percent to 430 million shares, while traded value increased by 14.4 percent to Rs20.6 billion.
