KARACHI: The Pakistan Stock Exchange Thursday continued its upward rally by gaining 173.08 more points to take the tally to record level of 46358.35 points at closing.
The stocks recorded the highest trading level of 46635.31 points and lowest level of 46141.79 points, with the volume of over 340.44 million shares and value of Rs 19.36 billion. As many as 398 companies were active; of which 192 advanced, 182 declined and 24 remained unchanged.
Aisha Steel Mill was the volume leader with 19.77 million shares, adding Rs 0.09 to finish at Rs 16.50. It was followed by TRG Pak Ltd with 15.05 million shares, shedding Rs 0.77 to end at Rs 44.85 and Engro Polymer with 14.03 million shares, gaining Rs 0.91 to close at Rs 16.03.
The top three gainers were Sanofi-Aventis with price per share of 2195.58 (94.58), Hinopak Motor with price per share of 1580.26 (75.25) and Bata (Pak) share of 4600 (57).
The top three losers were Nestle Pakistan with price per share of 8700 (-100.14), Wyeth Pak Ltd with price per share of 4685.08 (-99.02) and Khyber Tobacco per share of 1100 (-43).
Earlier, the stocks opened keeping previous day’s bullish trend and added 247.07 points to take the tally to 46432.34 points level in early trading. The PSX remained bullish till midday as the benchmark 100-index gained another 388.32 points to reach 46573.59 points level.
On Wednesday, the PSX continued its upward trajectory as the 100-share index closed at fresh record high of 46,185 points after gaining 327 points. Mixed activity was witnessed in the auto sector as numbers released by PAMA indicated a 6% YoY decline for the month of Nov-2016. MTL was the major gainer (up 2.42%), while INDU (down 1.40%) was the major loser in the sector. Intra-day rally was witnessed in cements as the sector gained to close 0.7% higher than its previous day’s close. MLCF (up 4.33%) and DGKC (2.26%) were top performers. Overall, volumes decreased by 6% to 360m shares, while value declined by 13.6% to Rs18.9b/$181m. POL, PPL and OGDC gained 5%, 5% and 1% respectively.
