KARACHI: The Pakistan Stock Exchange Wednesday witnessed bullish day as the benchmark 100-index gained 457.93 points to take the tally to 48992.16 points level at closing.
The stocks recorded the highest trading level of 49050.51 points and lowest level of 48534.23 points, with the volume of over 235 million shares and value of Rs 14.33 billion. As many as 378 companies were active; of which 279 advanced, 90 declined and 9 remained unchanged.
Aisha Steel Mill was the volume leader with 15.26 million shares, adding Rs 1.14 to finish at Rs 24.60. It was followed by TRG Pak Ltd with 14.19 million shares, adding Rs 2.66 to end at Rs 58.64 and K-Electric with 9.34 million shares, gaining Rs 0.08 to close at Rs 9.61.
The top three gainers were Hinopak Motor with price per share of 1585.50 (75.50), Millat Tractors with price per share of 1207.98 (57.52) and ICI Pakistan share of 1081.69 (51.50).
The top three losers were Rafhan Maize with price per share of 7580 (-220), Wyeth Pak Ltd with price per share of 3610 (-190) and Unilever Foods per share of 5701 (-49).
Earlier, the stocks opened bullish and added 278.77 points to reach 48813 points level in early trading. The Pakistan Stock Exchange remained bullish till midday and gained massive 449 points to take the tally to 48984 points level.
On Tuesday, the stocks closed almost flat at 48,534.23 points, adding 13 points. Banking sector weighed down on the index as the sector closed 0.6 percent lower. HBL (slip 0.31%), MCB (0.79%) and UBL (0.53%) were major index movers of the aforementioned sector. Moreover, POL (up 0.36%) in the E&P sector gained to close in the green zone as market players continued to weigh the prospects of production cuts by major crude producing nations amid rise in US drilling. Overall, volumes dried up 9 percent d/d to 228 million shares, while value traded fell 7 percent to Rs10.8 billion.
