KARACHI: The Pakistan Stock Exchange Friday observed positive trend till midday as benchmark 100-index added 156.04 points to reach 36697.01 points level.
The stocks recorded the highest trading level of 36743.62 points and lowest level of 36531.41 points, with the volume of over 80 million shares, having Rs 4.3 billion value. As many as 298 companies were active; of which 176 advanced, 103 declined and 19 remained unchanged.
The three top traded companies were Byco Petroleum with a volume of 9,509,500 and price per share of 23.20 (0.32), K-Electric Ltd with a volume 4,620,000 of price per share of 7.87 (-0.07), Sui North Gas with a volume 4,580,500 of price per share of 37.59 (0.72).
The top three gainers were Pak Services with price per share 551.25 (26.25), Service Ind.Ltd with price per share of 830 (20) and Exide (PAK) price per share of 780 (16.50).
The top three losers were Nestle Pak XD with price per share of 7000 (-350), Pak Tobacco with price per share of 1050 (-54.17) and Pak.Int.Cont per share of 320.25 (-15).
Earlier, the Pakistan Stock Exchange opened with positive note and added 144 point to reach 36684.97 points in early trading.
On Thursday, after witnessing two bearish sessions, Pakistan Stock Exchange staged rebound as the benchmark 100-share index rose by 41.54 points (up 0.11%) to close at 36,540.97 points.
Volatility prevailed in yesterday’s session as the index made an intra-day high of 184 points and a low of 37 points. EFOODS (up 4.08%) and ENGRO (1.54%) were the major index movers. On the other hand, the banking sector remained under pressure on the back of SBP’s cut in policy rate to 5.75% to boost growth. Top laggards of the aforementioned sector were MCB (down 0.9%) and HBL (0.5%). Volume decreased 21% to 212m shares compared to 269m shares of the previous day, while traded value was up by 7% to Rs 9.7b.
