KARACHI: The upward rally continued till midday at Pakistan Stock Exchange as benchmark 100-index added 214.44 points to reach 33786.57 points level on Friday.
The stocks recorded the highest trading level of 33848.39 points and lowest level of 33572.13 points, with the volume of 97.20 million shares, having about Rs4.3 billion value. As many as 291 companies were active; of which 205 advanced, 68 declined and 18 remained unchanged.
Power generation & distribution was the top traded sector with 15,298,800 volume, while technology & communication remained second with 11,655,500 volume.
The three top traded companies were Dewan Motors with a volume of 9,058,500 and price per share of 12.60 (0.73), Japan Power with a volume 7,527,500 of price per share of 4.27 (0.49), Sui North Gas with a volume 6,039,000 of price per share of 30.79 (0.91).
The top three gainers were Packages Ltd. XD with price per share 565.41 (26.92), Mari PetroleumXD with price per share of 733.50 (18.95) and Abbott Lab.XD price per share of 665 (14.78).
The top three losers were Island Textile with price per share of 690.02 (-36.31), Service Ind.LtdXD with price per share of 802 (-7) and Exide (PAK) per share of 685 (-5).
Earlier, the stocks opened gaining huge 260.83 points to take the tally to 33832.96 points level in early trading.
On Thursday, the bearish activity continued at the stock market as the benchmark KSE 100-share index declined 47.71 points (down 0.14 per cent) to close at 33,572.13 points. Volatility prevailed at the PSX as the index juggled between an intra-day high of 297.42 points and low of 126.30 points. The market enjoyed an intraday rally in the earlier hours of trading which was attributed to the E&P sector that followed an overnight rally in global crude oil prices. Top performers of the aforementioned sector were PPL, which rose 4.32 per cent, and POL that went up by 4.34 per cent. Above average volume was seen due to this volatility as traded volume increased 24 per cent to 327.1m shares. Traded value clocked in a 22-week high as it increased 48 per cent to Rs15.3b/$146.4m.
