KARACHI: The Pakistan Stock Exchange Wednesday again witnessed a bullish day and gained 442.88 points to reach record level of 41742.75 points at closing.
The stocks recorded the highest trading level of 41962.62 points and lowest level of 41299.87 points, with the volume of about 695.8 million shares and value of 21.78 billion. As many as 409 companies were active; of which 252 advanced, 139 declined and 18 remained unchanged.
K-Electric was the volume leader with 47.12 million shares, shedding Rs 0.10 to finish at Rs 9.50. It was followed by Dost Steel with 30.93 million shares, adding Rs 0.08 to end at Rs 3.71 and Summit Bank with 30.23 million shares, gaining Rs 0.02 to close at Rs 3.60.
The top three gainers were Unilever Foods with price per share of 5674 (268.50), Rafhan Maize with price per share of 7650 (237.50) and Wyeth Pak Ltd share of 3458.73 (164.70).
The top three losers were Sanofi-Aventis with price per share of 1685.57 (-60.87), Philip Morris Pak with price per share of 2040.83 (-51.62) and Sapphire Fiber per share of 1001.61 (-43.39).
Earlier, the stocks kept the bullish note of previous day and added 196.23 points in early trading to reach 41496.10 points level. The PSX gained another 436.99 points to take the tally to the record level of 41736 points till midday.
On Tuesday, the stocks staged strong recovery and closed at the highest-ever level after PTI called off its protests. The benchmark 100-share index rallied by 1,406 points, which was the single biggest rise in a single day in its history, and closed at 41,299.87 points. Overall, volumes increased by 113 percent to 506m shares, while value increased by 129 percent to Rs17.2 billion/$165 million.
Interest was seen in heavy weight stocks. HBL, LUCK and UBL contributed 256 points to the gain in index. In anticipation of relief package, NML, NCL and GATM closed at their upper limits of 5%, said dealers at major brokerage.
