KARACHI: The Pakistan Stock Exchange Friday remained largely in the ‘green zone’ as benchmark 100-index gained to make an intraday high of 815 points, closing up 567 points at 49,851 points levels.
The stocks recorded the highest trading level of 50098.59 points and lowest level of 49232.96 points, with the volume of over 308 million shares and value of Rs17.7 billion. As many as 390 companies were active; of which 217 advanced, 152 declined and 21 remained unchanged.
Engro Polymer was the volume leader with 37.52 million shares, gaining Rs0.57 to reach Rs 30.93. It was followed by TRG Pak Ltd with 17.28 million shares, adding Rs 0.51 to end at Rs 55.91 and K-Electric with 14.60 million shares, dropping Rs 0.02 to close at Rs 8.01.
The top three gainers were Unilever Foods with price per share of 6699 (299), Sapphire Tex with price per share of 1886 (89) and Khyber Tobacco share of 860 (40).
The top three losers were Rafhan Maize with price per share of 7150 (-149.98), Bata (Pak) with price per share of 4000 (-100) and Sanofi-Aventis share of 2240.37 (-84.63).
Earlier, the PSX started day on positive note as it added 181 points to reach 49465 points level in early trading. The stocks witnessed upward rally till midday as the benchmark 100-index 223 points to take tally to 49506 points level.
On Thursday, the stocks staged a strong recovery led by scrips across the board on institutional buying post strong quarter-end earnings announcements. The market relegated prevailing politics, as investors quickly realised that The Force was stronger given the MSCI-EM index inclusion is around the corner. Subsequently, the KSE-100 index surged 679 points (up 1.4%) and closed at 49,284 points. The market volume increased 11% d/d to 288 million shares, while the traded value increased 18% to Rs15.4 billion. Total 394 active companies participated in the session, of which 249 gained in value, 132 declined and 13 remained unchanged.
