KARACHI: The Pakistan Stock Exchange Monday again crossed the psychological barrier of 40,000 mark, adding 96.32 points to take the tally to 40023.02 points level.
The stocks recorded the highest trading level of 40102.51 points and lowest level of 39926.70 points, with the volume of about 39 million shares. As many as 416 companies were active; of which 224 advanced, 171 declined and 21 remained unchanged.
Power generation & distribution was the top traded sector with total traded volume of 53,752,300 shares. It was followed by commercial banks with a total traded volume of 35,435,900 shares.
K-Electric Ltd was the volume leader with 49.73 million shares, gaining Rs 0.21 to finish at Rs 9.09. It was followed by Byco Petroleum with 22.56 million shares, gaining Rs 1.17 to end at Rs 24.74 and Dewan Salman with 15.46 million shares, adding Rs 0.15 to close at Rs 3.78.
The top three gainers were Murree Brewery with price per share of 1100.73 (52.41), Service Ind Ltd with price per share of 1040.32 (49.53) and Hinopak Motor per share of 956.41 (45.54).
The top three losers were Bata (Pak) with price per share of 4000.01 (-99.99), Wyeth Pak Ltd with price per share of 1900 (-85) and Colgate Palmo per share of 1470 (-65).
Last week, the stock market remained under pressure during the first three days. However, recovery was witnessed in the days to follow with smooth execution of the future roll over. Index closed at 134 (0.34 percent) in the green, at 39,926 level, rising over 1 percent WoW, with mixed sentiments during the ongoing result season. Moreover, foreigners turned out to be net buyers during the week worth $1.9 million. Faizan Ahmed, an analyst at JS Research, observed that disappointingly the overall participation remained thin with average value traded declining by 22 percent WoW to $97 million. The average daily volumes for the week witnessed 1 percent rise, with volumes clocking in at 232 million shares. On the other hand, average daily values for the week fell by 22 percent, to Rs10.1 billion/$96.8 million.
