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PSX adds huge 367pts to close at all-time high level of 36685pts

byMatiur Rehman
19/05/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Thursday added huge 366.84 points to take the tally to the all-time high 36685.05 points level at closing.

The stocks recorded the highest trading level of 36809.31 points and lowest level of 36306.13 points, with the volume of 468 million shares, having over Rs 16 billion value. As many as 367 companies were active; of which 231 advanced, 117 declined and 19 remained unchanged.

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Power generation & distribution was the top traded sector with 105,335,700 volume, while technology & communication remained second with 72,080,500 volume.

The three top traded companies were K-Electric Ltd with a volume of 93,020,000 and price per share of 7.89 (0.64), TRG Pak Ltd with a volume 29,293,000 of price per share of 38.47 (0.77), PTCL XD with a volume 23,266,000 of price per share of 16.21 (1).

The top three gainers were Bata (Pak)XD with price per share 3450 (150), Wyeth Pak Ltd with price per share of 2136.75 (101.75) and Exide (PAK) price per share of 806 (24).

The top three losers were Rafhan MaizeXD with price per share of 8060 (-267.50), Sanofi-AventisXD with price per share of 578.06 (-29.94) and Sapphire Fiber per share of 575 (-23.95).

Earlier, the bullish trend continued as the Pakistan Stock Exchange benchmark 100-index added 167 points to reach 36485.62 points level till midday.

On Wednesday, the upward trend continued at the local bourse as the PSX 100-share index rallied by around 181 points to close at 36,318.21 points. POL (down 0.42%) and PPL (declined 0.07%) opened on a positive note but came under selling pressure during the late hours on the back of marginal correction in crude oil prices during the trading session. Volume decreased by 2.1% to 268m shares. Value also decreased by 10.5% to Rs 10.2 billion.

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