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PSX adds another 78pts till midday

byMatiur Rehman
08/03/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Tuesday continued bullish trend and added another 78.06 points till midday to reach 33100.66 points level.

The stocks recorded the highest trading level of 31876.82 points and lowest level of 31509.11 points, with the volume of 124.14 million shares, having about Rs7 billion value. As many as 284 companies were active; of which 128 advanced, 138 declined and 18 remained unchanged.

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Fertilizer was the top traded sector with 13,126,200 volume, while technology & communication remained second with 12,446,500 volume.

The three top traded companies were TRG Pak Ltd with a volume of 9,831,000 and price per share of 27.65 (0.00), Jah.Sidd. Co with a volume 9,126,000 of price per share of 22.20 (0.07), and Byco Petroleum with a volume 8,029,000of price per share of 18.06 (0.38).

The top three gainers were Nestle Pak with price per share 7000 (200), Rafhan Maize with price per share of 7890 (190) and Indus Murree Brewery price per share of 802.89 (38.23).

The top three losers were Bata (Pak) with price per share of 3250 (-150), Wyeth Pak Ltd with price per share of 1663 (-87) and Sapphire Fiber per share of 649.50 (-15.50).

On Monday, the PSX gained 1,250 points or 3.93% in 3 sessions to break the 33,000 mark. Market continued to recover after crude oil opened the week strong supported by tightening supply and strengthening sentiments around global markets.

The benchmark KSE-100 index jumped 580.86 points during the session to end up at 33,022.60. KMI 30 companies continued to grab investor interest. The index escalated 1,216.13 points or 2.11% and touched 57,514.00 points. KSE All Share was up 361.08 points to settle at 22,628.04. The session recorded 234 advancers to 82 decliners. The market volumes bounced to 203.119 million, highest for the calendar year.

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