KARACHI: The Pakistan Stock Exchange (PSX) Monday surged by 1.85 per cent and gained mammoth 579.55 points to take the tally to 31878.15 points level till midday.
The stocks recorded the highest trading level of 31890.59 points and lowest level of 31285.18 points, with the volume of 134.35 million shares, having over Rs8.12 billion value. As many as 320 companies were active; of which 192 advanced, 104 declined and 24 remained unchanged.
Commercial banks were the top traded sector with 41,684,800 volume, while cement remained second with 16,575,000 volume.
The three top traded companies were BO Punjab with a volume of 21,793,500 and price per share of 8.97 (0.57), Pak Elektron XR with a volume 9,487,000 of price per share of 63.27 (1.65), and Fauji Cement with a volume 6,486,000 of price per share of 38.92 (0.03).
The top three gainers were Highnoon (Lab) with price per share 525.86 (23.45), Abbott Lab with price per share of 632.46 (22.46) and The Searle Comprice per share of 434.41 (20.24).
The top three losers were Unilever Foods with price per share of 5800 (-290), Bata (Pak) with price per share of 3301.11 (-98.89) and Pak Tobacco per share of 1279.77 (-67.11).
Earlier, the PSX opened positive on first day of new trading week as KSE-100 index added 207.32 points to reach 31505.92 points level. The stocks continued upward rally till midday and added massive 455.67 points or 1.45 per cent to take the tally to 31754.27 points level.
The stocks on Friday closed higher led by selected oil, fertilizers and cement scrips. The PSX shares index posted a gain of 104.87 points (up 0.34) to close at 31,298.60 points. The market index started in green and remained intact towards the end to close in green zone. Traded volume increased by 65 % to 141.4mn shares as compared to 86m shares changed hands yesterday, while traded value increased 52.4% to Rs9.3bn/$90m.