KARACHI: The Pakistan Stock Exchange remained bullish on the last trading day of the week as the benchmark 100-index added 324.90 points to take the tally to 51750.91 points level at closing on Friday.
The stocks recorded the highest trading level of 51793.56 points and lowest level of 51399.23 points, with the volume of over 385 million shares and value of Rs22.85 billion. As many as 382 companies were active; of which 194 advanced, 165 declined and 23 remained unchanged.
Summit Bank was the volume leader with 34.50 million shares, gaining Rs 0.78 to reach Rs 7.08. It was followed by K-Electric with 22.25 million shares, adding Rs 0.26 to end at Rs 8.05 and Byco Petroleum with 19.36 million shares, losing Rs 1.15 to close at Rs 22.02.
The top three gainers were Unilever Foods with price per share of 6400 (200), Sapphire Fiber with price per share of 1396.50 (66.50) and Nestle Pakistan share of 9850 (50).
The top three losers were Hinopak Motor with price per share of 1591.25 (-83.75), Sanofi-Aventis with price per share of 2100 (-50.01) and Jubile Life Ins share of 696.50 (-15.49).
Earlier, the stocks opened on positive note and added 85 points to reach 51511 points level in early trading. The upward rally continued at Pakistan Stocks Exchange as the benchmark 100-index gained 299 points to reach 51725 points level till midday.
On Thursday, the stocks closed at new highs, led by oil, banking and cement scrips on strong earnings outlook. Positivity prevailed in the market during most part of the day as KSE 100-index gained around 322.48 points and closed at 51,426 level. Total 386 active companies participated in the session, of which 239 closed in advance 133 in decline while 14 remained unchanged.
