KARACHI: The Pakistan Stock Exchange Monday bounced back with huge 631.48 points to take the tally to 51373.51 points level at closing.
The stocks recorded the highest trading level of 51448.71 points and lowest level of 50742.03 points, with the volume of over 240.19 million shares and value of Rs12.57 billion. As many as 395 companies were active; of which 237 advanced, 148 declined and 10 remained unchanged.
Silk Bank Ltd was the volume leader with 16.75 million shares, shedding Rs 0.05 to reach Rs 1.86. It was followed by Pervez Ahmed with 13.100 million shares, adding Rs 0.29 to end at Rs 2.77 and WorldCall Telecom with 16.24 million shares, losing Rs 0.06 to close at Rs 3.39.
The top three gainers were Wyeth Pak Ltd with price per share of 2418.15 (115.15), Exide (PAK) with price per share of 999.96 (47.61) and ICI Pakistan share of 1157.65 (43.04).
The top three losers were Hinopak Motor with price per share of 1580 (-18.44), Jubile Life Ins with price per share of 710 (-14.45) and Fazal Cloth share of 176.11 (-9.24).
Earlier, the stocks started week on positive note and added huge 370 points to reach 51112 points level in early trading. The PSX continued upward rally to gain huge 588 points to take the rally to 51330 points level till midday.
On Friday, the stocks ended the week on a negative note with the benchmark shares index lost another 214.57 points, or (0.42pc) to conclude at 50,742 level. Volatile session was witnessed today at the market as the KSE-100 index traded between an intraday high of 241 points and an intraday low of 290 points. Most of the selling pressure was witnessed during the second half of the day, which resulted in the market closing at 50,742 level. Overall, volume increased to 345 million shares compared to 302 million shares changed hands, while value slightly increased to Rs12.4 billion/$119 million.
