KARACHI: The growing trend continued till midday as the Pakistan Stock Exchange (PSX) gained 84.83 points to reach 31454.34 points level on Tuesday.
The stocks recorded the highest trading level of 31434.61 points and lowest level of 31219.14 points, with the volume of 48 million shares, having about Rs2.86 billion value. As many as 248 companies were active; of which 111 advanced, 123 declined and 14 remained unchanged.
Oil & gas exploration companies was the top traded sector with 6,969,650 volume, while commercial banks remained second with 6,962,400 volume.
The three top traded companies were Bank Al-Falah with a volume of 3,974,000 and price per share of 25.68 (-1.35), Oil & Gas Dev with a volume 3,661,900of price per share of 110.30 (3.25), and TRG Pak Ltd with a volume 3,123,000 of price per share of 24.25 (-0.20).
The top three gainers were Hinopak Motor with price per share 1044 (32.90), Murree Brewery with price per share of 799.50 (17.09) and Pak OilfieldsXD price per share of 247.20 (11.01).
The top three losers were Shezan Inter with price per share of 476 (-24.84), AKD Capital with price per share of 183.74 (-9.67) and Packages Ltd per share of 487.06 (-7.80).
Earlier, the Pakistan Stock Exchange continued upward rally and added 45.74 points to reach 31415.25 points level.
On Monday, the Pakistan Stock Exchange’s KSE-100 index rose 0.24% or 75.43 points to end at 31,369.51.
Cement stocks benefited from the positive mood, while the historic low banking spreads meant an unimpressive response in the related shares. Cement shares inched upwards on institutional buying with Fecto Cement (+5%) closing at its upper price limit for the second consecutive session on announcement of better earnings and pay-out on Friday. Lucky Cement (+3.8%) also traded higher to hit its upper limit intra-day on excitement over improved local demand.
Shares of 327 companies were traded. At the end of the day, 124 stocks closed higher, 183 declined while 20 remained unchanged. The value of shares traded during the day was Rs6.2 billion.
