KARACHI: The Pakistan Stock Exchange Tuesday gained 92.74 points to close at record level of 49968.92 points. The benchmark 100-index also crossed the 50,000 mark but lost some points at the last session.
The stocks recorded the highest trading level of 50055.36 points and lowest level of 49621.84 points, with the volume of over 509 million shares and value of Rs 28.50 billion. As many as 410 companies were active; of which 194 advanced, 198 declined and 18 remained unchanged.
K-Electric was the volume leader with 71.40 million shares, shedding Rs 0.17 to finish at Rs 9.99. It was followed by Aisha Steel Mill with 48.87 million shares, gaining Rs 0.33 to end at Rs 22.01 and Japan Power with 18.91 million shares, adding Rs 0.06 to close at Rs 7.09.
The top three gainers were Colgate Palmolive with price per share of 1790 (85), Bhanero Tex with price per share of 874.98 (41.28) and Ferozsons (Lab) share of 754.41 (35.92).
The top three losers were Nestle Pakistan with price per share of 9001.01 (-298.99), Bata (Pak) with price per share of 4052.59 (-138.40) and Pak Tobacco per share of 1282.80 (-67.20).
Earlier, the stocks opened positive with 63 points gain and reached 49939 points level in early trading. The PSX, despite shedding some early gains, remained in green zone till midday as the benchmark 100-index added 34.77 points to reach 49910.95 points level.
On Monday, bullish trend continued at the PSX on first trading day with the benchmark KSE-100 index closed near 50,000 points, by gaining 511.35 points or (1.04%).
Stock gained by 6.5 percent. Overall, volumes increased by 30 percent to 600 million shares, while value increased by 6 percent to Rs24.4 billion. Volumes were led by KEL with a staggering 213 million shares traded.
