KARACHI: After a long bearish trend, the Pakistan Stock Exchange (PSX) gained huge 463.99 points to close at 31928.15 points level on Monday.
The stocks recorded the highest trading level of 31943.24 points and lowest level of 31464.16 points, with the volume of 89.23 million shares, having about Rs5.77 billion value. As many as 314 companies were active; of which 200 advanced, 92 declined and 22 remained unchanged.
Commercial banks was the top traded sector with 10,277,800 volume, while cement remained second with 9,406,600 volume.
The three top traded companies were Jah.Sidd. Co. with a volume of 6,489,000 and price per share of 20.65 (-0.60), Sui North Gas with a volume 5,481,500 of price per share of 25.00 (1.19), and TRG Pak Ltd with a volume 4,583,000 of price per share of 26.50 (0.06).
The top three gainers were Hinopak Motor with price per share 1079.08 (33.61), Murree Brewery with price per share of 738.50 (32.17) and Service Ind.Ltd price per share of 891 (21).
The top three losers were Ferozsons (Lab) with price per share of 840.71 (-14.50), ICI Pakistan with price per share of 442.42 (-7.58) and Sitara Chemical per share of 369.98 (-5.38).
Earlier, after witnessing several days of bearish trend, the Pakistan Stock Exchange (PSX) opened with positive note, gaining 368.84 points to take the tally to 31833 points level in early trading. Till midday, the stocks continued upward trend of early trading till midday as KSE-100 index gains 354.02 points to reach 31818.18 points level.
On Friday, bearish trend continued as the PSX benchmark KSE-100 index dived 1.13%, shedding 356.38 per cent to 31,464.16. The market had 224 decliners to 75 advancers. The PSX traced down footsteps of regional markets where Hang Seng dropped 4% in first five minutes of trading and Nikkei 226 closed 5% lower. The market volumes improved from last session’s 112.991 million to 121.683 million.
