KARACHI: The Pakistan Stock Exchange Tuesday made another history after crossing psychological barrier of 51,000 and closed at 51,073.14 points level after gaining 137.23 points.
The stocks recorded the highest trading level of 51488.56 points and lowest level of 50935.91 points, with the volume of over 370 million shares and value of Rs22.12 billion. As many as 397 companies were active; of which 172 advanced, 211 declined and 14 remained unchanged.
TRG Pak Ltd was the volume leader with 36.03 million shares, gaining Rs1.63 to reach Rs 57.92. It was followed by K-Electric with 21.48 million shares, shedding Rs 0.11 to end at Rs 7.81 and Engro Polymer with 16.34 million shares, dropping Rs 0.44 to close at Rs 30.51.
The top three gainers were Nestle Pakistan with price per share of 9449 (249), Sapphire Tex with price per share of 2047.50 (97.50) and Colgate Palmolive share of 2250 (50).
The top three losers were Unilever Foods with price per share of 6300.03 (-299.97), Sanofi-Aventis with price per share of 2153.13 (-85.86) and Indus Dyeing share of 645.05 (-33.95).
Earlier, the stocks opened bullish and gained 351 points to reach record level of 51,287 points level in early trading. The Pakistan Stock Exchange continued its upward rally till midday as it added another 352 points to reach 51,287 points level.
On Monday, the stock exchange hit all-time high as the benchmark shares index surged to 1084.78 points or (2.18 percent) and closed at the all-time high of 50,936 points. The major index movers were HBL (gain 5 percent) UBL (5 percent), MCB (5 percent), OGDC (4.25 percent) and LUCK (2.43 percent) as they cumulatively contributed 552 points to the index gain.
Overall the stocks rally was witnessed in the banking sector where big banks boosted the index to close in green. HBL, UBL and MCB closed on their respective upper circuits as they cumulatively contributed 409 points to the index. Market participation improved as volumes rose 6 percent d/d to 326mn.sh, while traded value shot up 17 percent to Rs20.8 billion ($198 million). Scrips of 411 companies traded in the session, of which 262 closed in green, 129 in red while 20 remained unchanged.
