KARACHI: The Pakistan Stock Exchange Thursday witnessed a bullish day as the benchmark 100-index added 322.48 points to take the tally to 51426.01 points level at closing.
The stocks recorded the highest trading level of 51506.96 points and lowest level of 51103.53 points, with the volume of over 439 million shares and value of Rs22 billion. As many as 381 companies were active; of which 229 advanced, 136 declined and 16 remained unchanged.
Summit Bank was the volume leader with 31.23 million shares, gaining Re1 to reach Rs 6.30. It was followed by WorldCall Telecom with 24.87 million shares, shedding Rs 0.17 to end at Rs 2.89 and Dewan Cement with 20.52 million shares, increases Rs 0.96 to close at Rs 27.81.
The top three gainers were Nestle Pakistan with price per share of 9800 (200), Sapphire Tex with price per share of 2198 (58) and Mari Petroleum share of 1577.43 (53.52).
The top three losers were Bata (Pak) with price per share of 3800 (-200), Sapphire Fiber with price per share of 1330 (-50) and Unilever Foods share of 6200 (-50).
Earlier, the stocks opened keeping previous day’s bullish note and added 252 points to reach 51355 points level in early trading. The Pakistan Stock Exchange continued its upward rally till midday as the benchmark 100-index gained another 251 points to reach 51354 points level.
On Wednesday, the PSX ended on a bullish note despite volatility as the KSE 100-index gained to make an intra-day high of 158 points and low of 216 points, closing up 30 points at 51,103 points levels.
Overall rally was witnessed in the banking sector where big banks boosted the index to close in green as the MSCI-EM rebalancing date approaches. Major volume was witnessed in WTL with 55m shares, EPCL 21m shares and DCL with 16m shares respectively. Scrips of 375 companies were traded in the session,187 closed in green, 172 in red whereas 16 went unchanged. Volumes were lower than previous trading session at 335m as compared to the last trading day at 370m shares. While value also decreased to Rs15b/$142m.
