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Home Markets

PSX adds 86pts till midday

byMatiur Rehman
17/03/2016
in Markets, Stock Exchange
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KARACHI: Despite losing most of the gains, the Pakistan Stock Exchange (PSX) remained in green zone till midday and added 85.98 points to reach 32977.06 points level on Thursday.

The stocks recorded the highest trading level of 33116.26 points and lowest level of 32891.08 points, with the volume of 96.43 million shares, having about Rs5.56 billion value. As many as 279 companies were active; of which 143 advanced, 114 declined and 22 remained unchanged.

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Commercial banks was the top traded sector with 11,927,400 volume, while cement remained second with 11,119,600 volume.

The three top traded companies were Byco Petroleum with a volume of 8,150,500 and price per share of 18.20 (1.00), NIB Bank Limited with a volume 6,244,000 of price per share of 2.05 (0.05), Pak Elektron with a volume 4,228,500 of price per share of 63.35 (1.26).

The top three gainers were Nestle Pak with price per share 6699.99 (49.99), JDW Sugar with price per share of 398 (18) and Packages Ltd price per share of 509.95 (16.32).

The top three losers were Murree Brewery with price per share of 740 (-29.90), Sapphire Fiber with price per share of 575 (-25) and Siemens Pak per share of 763 (-17).

Earlier, the Pakistan Stock Exchange (PSX) opened keeping bullish note and added 122 points in early trading to cross 33,000 mark and reach 33013.41 points level.

On Wednesday, the benchmark KSE-100 index touched an intra-day high of 32,941.44 before it closed at 32,891.08 up 268.06 points. Buying continued in the KMI 30 index, which shot up 627.84 points during the day and ended strong at 57,510.74 plus 416.06 points. KSE All share settled at 22,258.88 with 129.67 points positive. A total of 147 companies gained while 144 took a dip.

The market volumes were down from last session to 182.113 million but still remained higher than average volume of current year to date. The volume leader chart remained unchanged with the commercial banks on top followed by cement sector and power generation and distribution sector.

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