KARACHI: The Pakistan Stock Exchange on Thursday closed bearish as the benchmark 100-index added 316.63 points to take the tally to 45384 level.
The stocks recorded the highest trading level of 45506.11 points and lowest level of 45155.51 points, with the volume of 296.60 million shares and value of Rs11.94 billion. As many as 369 companies were active; of which 175 advanced, 171 declined and 23 remained unchanged.
K-Electric was the volume leader with 50.51 million shares, adding Rs0.24 to reach Rs6.99. It was followed by TRG Pak Ltd with 41.88 million shares, losing Rs2.01 to end at Rs38.20 and Engro Polymer with 28.26 million shares, adding Rs1.63 to close at Rs34.33.
The top three gainers were Nestle Pakistan with price per share of 12650 (300), Philip Morris Pak with price per share of 2982.87 (137.37) and Pak Tobacco of 2051.57 (96.57).
The top three losers were Island Textile with price per share of 855 (-45), Punjab Oil with price per share of 257.03 (-11.97) and Shield Corp share of 320.33 (-11.37).
The stocks opened positive and added 135 points to reach 45308 level in early trading. The PSX continued upward journey till midday as the benchmark 100-index gained 211 points to reach 45384 level.
On Wednesday, the stocks landed back into the green zone as the benchmark 100-share index gained 168 points to close at 45,173 points. Total volumes increased by 5 percent DoD to 248m shares, while value traded also inched up by 12 percent DoD to $91m. Top volume stocks of the day were TRG (+5 percent), KEL (+2.74 percent ) and PAEL (+3.73 percent ).
Bulls continued the run across the board, where activity in all key sectors such as consumers, financials and cement was seen. Both local and foreign investors showed aggressive participation in the market.
LUCK (+1.46 percent), DGKC (+1.80 percent), CHCC (+2.16 percent) and FCCL (+3.26 percent) were the major gainers of the mentioned sector. E&P sector closed in the red zone as crude oil prices shed in the international market, where POL (-0.19 percent) and PPL (-0.22 percent) were the major laggards of the sector.
