KARACHI: The Pakistan Stock Exchange Friday witnessed fluctuation in trading, but closed positive touching almost 43,000 mark as the benchmark 100-index gained 49.93 points to take the tally to another all-time high of 42999.66 points level.
The stocks recorded the highest trading level of 43066.84 points and lowest level of 42907.07 points, with the volume of over 502 million shares and value of Rs 14.73 billion. As many as 393 companies were active; of which 217 advanced, 164 declined and 12 remained unchanged.
Amtex Limited was the volume leader with 28.32 million shares, adding Rs 0.81 to finish at Rs 3.83. It was followed by Media Times Ltd with 23.37 million shares, gaining Rs 0.38 to end at Rs 5.40 and Sui South Gas with 30.14 million shares, adding Rs 2.30 to close at Rs 43.83.
The top three gainers were Wyeth Pak Ltd with price per share of 4588.77 (87.46), Sanofi-Aventis with price per share of 2168.17 (79.04) and Service Ind. Ltd share of 1538.99 (62.64).
The top three losers were Rafhan Maize with price per share of 7560 (-140), Philip Morris Pak with price per share of 1930 (-96.35) and Archroma Pak per share of 770.13 (-14.92).
Earlier, the stocks continued its record-breaking spree as the benchmark 100-index added 75.75 points to reach 43025.48 points level in early trading. Opened positive, the Pakistan Stock Exchange became bearish till midday after shedding 32 points to drop to 42918.05 points level.
On Thursday, the Pakistan Stock Exchange rallied to fresh all-time high level amid consolidation in the post-earnings season. Market continued its positive momentum during the initial hours of the trade but soon investors opted for profit-taking as the index gained around 49 points to close at 42,950 points.
E&P sector gained to close in the green zone on the back of the news that the world’s listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry’s worst downturns as OPEC battles to agree on its first production cut since 2008. PPL (up 0.7%) and OGDCL (0.5%) were top performers of the aforementioned sector. Investors’ interest was seen in cement sector as the sector gained to close higher from its previous day’s close. ACPL (up 5.0%), CHCC (2.7%) and DGKC (1.6%) were top performers of the aforementioned sector. Overall, volumes increased by 14% to 564m shares, while value rose by 1% Rs18.3b/$175m.
