KARACHI: The Pakistan Stock Exchange Friday continued its upward rally and gained 140.31 points to close at another highest-ever level of 47806.97 points.
The stocks recorded the highest trading level of 47933.80 points and lowest level of 47634.81 points, with the volume of over 387 million shares and value of Rs 18.87 billion. As many as 393 companies were active; of which 183 advanced, 194 declined and 16 remained unchanged.
Dost Steels Ltd was the volume leader with 45.71 million shares, gaining Rs 0.60 to finish at Rs 12.12. It was followed by BoP with 38.08 million shares, shedding Rs 0.75 to end at Rs 17.65 and NIB Bank with 18.50 million shares, gaining Rs 0.16 to close at Rs 1.81.
The top three gainers were Rafhan Maize with price per share of 8764.36 (284.36), Sanofi-Aventis with price per share of 2856.43 (136.02) and Hinopak Motor share of 1813.13 (81.44).
The top three losers were Bata (Pak) with price per share of 4310 (-160), Unilever Foods with price per share of 5850 (-82) and Khyber Tobacco per share of 1060 (-40).
Earlier the stocks opened keeping bullish note and gained another 107 points to reach 47774 points level in early trading. The Pakistan Stock Exchange continued upward rally and added 172.96 points to take the tally to 47839.62 points level till midday.
On Thursday, the PSX-100 index managed to reach yet another high and gained 242 points or (0.51%) to conclude at 47,667 points. Fauji Cement (FCCL) and Dawood Hercules (DAWH) remained major contributors towards the gain, cumulatively adding 58 points, where the mentioned scripts registered a gain of 5 percent and 3 percent, respectively. Overall, volumes increased by 43 percent to 390 million shares, while value increased by 13 percent to Rs18.6 billion/$178 million.
