KARACHI: The Pakistan Stock Exchange Thursday witnessed a bullish day and added massive 678.50 points to take the tally to 49283.64 points level.
The stocks recorded the highest trading level of 49389.95 points and lowest level of 48605.14 points, with the volume of over 288 million shares and value of Rs15.37 billion. As many as 390 companies were active; of which 240 advanced, 137 declined and 13 remained unchanged.
Engro Polymer was the volume leader with 39.18 million shares, gaining Rs1.44 to reach Rs 30.36. It was followed by Invest Bank with 20.05 million shares, shedding Rs 1.00 to end at Rs 3.98 and Aisha Steel Mill with 14.82 million shares, dropping Rs 0.28 to close at Rs 23.67.
The top three gainers were Rafhan Maize with price per share of 7299.98 (187.23), Sapphire Tex with price per share of 1797 (51) and Service Ind.Ltd share of 1420 (41.73).
The top three losers were Colgate Palmolive with price per share of 2200 (-100), Nestle Pakistan with price per share of 9155 (-45) and Indus Dyeing share of 679.32 (-35.75).
Earlier, the stocks opened bullish gaining 217 points to reach 48822 points level in early trading. Upward rally continued at the PSX as the benchmark 100-index gained massive 593 points to reach 49198 points level till midday.
On Wednesday, the PSX closed sharply lower on second consecutive day due to institutional profit-taking in the post earnings season. Volatile session was witnessed at the local bourse today as the index traded between an intraday high of 240 points and intraday low of 199 points to finally close at 48,605.14 points losing 84 points or (0.17pc). Scrips of 369 companies were traded, of which 130 gained in value, 222 declined and 17 remained unchanged. Overall, volume increased to 260 million shares as compared to 199 million shares changed hands yesterday. Traded value also increased to Rs13 billion.
