KARACHI: The Pakistan Stock Exchange Tuesday remained bullish and added 187.54 point to take the tally to 39663.71 points level at closing.
The stocks recorded the highest trading level of 39737.57 points and lowest level of 39475.71 points, with the volume of over 221.18 million shares, having about Rs 11.53 billion value. As many as 350 companies were active; of which 199 advanced, 133 declined and 18 remained unchanged.
Power generation and distribution was the top traded sector with 39,044,800 volume, while commercial banks remained second with 26,800,400 volume.
K-Electric Ltd was the volume leader with 33.09 million shares, gaining Rs 0.01 to finish at Rs 8.68. It was followed by Sui South Gas with 11.13 million shares, adding Rs 1.53 to close at Rs 11.13 and PTCL XD with 8.25 million shares, gaining Rs 0.14 to close at Rs 15.45.
The top three gainers were Island Textile with price per share 997.50 (47.50), Ghandhara Ind with price per share of 499.06 (23.76) and Sitara Chemical price per share of 421.03 (20.04).
The top three losers were Rafhan Maize with price per share of 7450.93 (-249.07), Pak Tobacco with price per share of 1083 (-15.81) and Murree Brewery per share of 755 (-15).
Earlier, the stocks opened bullish with huge 226.61 points to reach 39702.78 points level in early trading. The upward rally continued at Pakistan Stock Exchange as the benchmark 100-index added 188.94 points to reach 39665.11 points level till midday.
On Monday, the PSX witnessed some recovery due to buying mainly led by oil and banking stocks. PSX 100-share index gained 85.96 points to close at 39,476.17 points. Lackluster activity was observed at the local bourse, brokers said. OGDC (up 0.89%) and POL (1.47%) in the E&P sector gained to close in the green zone, as the crude oil prices surged to trade above $42/bl level (WTI). The banking sector helped the index close in the green as UBL (up 3.62%) and HBL (1.08%) led the gains. Traded volumes decreased by 24% to 199m shares and value decreased by 12% to Rs 7.9b. KEL led the volumes with 25.7m shares traded. Stock gained 0.2%.
