KARACHI: The Pakistan Stock Exchange Thursday achieved another milestone as the benchmark 100-index crossed the 50,000 mark after adding huge 435.59 points to close at 50192.36 points level.
The stocks recorded the highest trading level of 50286.02 points and lowest level of 49668.64 points, with the volume of over 449 million shares and value of Rs 21.57 billion. As many as 419 companies were active; of which 217 advanced, 186 declined and 16 remained unchanged.
K-Electric was the volume leader with 74.07 million shares, adding Rs 0.37 to finish at Rs 10.25. It was followed by Japan Power with 32.37 million shares, gaining Rs 0.21 to end at Rs 8.22 and PIAC with 26.17 million shares, adding Rs 0.47 to close at Rs 9.80.
The top three gainers were Bata (Pak) with price per share of 4090 (37.41), Thal Ind. Corp with price per share of 509 (24) and IGI Insurance share of 398.81 (18.99).
The top three losers were Rafhan Maize with price per share of 7800 (-350), Hinopak Motor with price per share of 1714.53 (-85.47) and Shield Corp per share of 531.40 (-27.96).
Earlier, the stocks opened recouping the overnight losses and gained 87 points to 49843.47 points level in early trading. The Pakistan Stock Exchange remained bullish till midday as the benchmark 100-index added 149.67 points to take the tally to 49906.44 points level.
On Wednesday, the institutional profit-taking was witnessed at PSX as a result the benchmark index declined by 212 points or (0.42%) to close at 49,756.77 level. Profit-taking was witnessed in cements sector, as DG Khan Cement (DGKC), Maple Leaf Cement (MLCF) and Pioneer Cement (PIOC) declined between 0.8 percent to 1.5 percent. Japan Power emerged as volume leader with 48 million traded shares, while Dost Steels 34 million shares and TRG Pak with 28 million traded shares remained in spotlight in the session. Overall, volumes decreased by 10 percent to 459 million shares, while traded value decreased by 10.8 percent to Rs25.4 billion.
