KARACHI: The Pakistan Stock Exchange Monday closed higher with 183.22 points gain to reach 37966.76 points level.
The stocks recorded the highest trading level of 38007.51 points and lowest level of 37689.70 points, with the volume of 110.62 million shares, having about Rs 7.06 billion value. As many as 298 companies were active; of which 196 advanced, 92 declined and 10 remained unchanged.
Power generation & distribution was the top traded sector with 31,241,500 volume, while oil & gas marketing companies remained second with 19,100,400 volume
K-Electric was the volume leader with 29.25 million shares, gaining Rs 0.01 to finish at Rs 8.07. It was followed by Sui North Gas with 15.56 million shares, gaining Rs 1.73 to close at Rs 36.29 and TRG Pak Ltd with 4.26 million shares, gaining Rs 0.40 to close at Rs 33.95.
The top three gainers were Rafhan Maize with price per share 7570 (350), Pak Tobacco with price per share of 1300 (39.45) and Mari Petroleum price per share of 931.10 (22.88).
The top three losers were Colgate Palmo with price per share of 1460 (-65), Service Ind.Ltd with price per share of 868.45 (-15.80) and Feroze 1888 per share of 299.20 (-15.74).
Last week, the positivity prevailed as KSE-100 index rebounded by 1.1 percent. Bulls made their way back into the local bourse as regional markets bounced back after investors disregarded negative economic repercussions of the Brexit. Foreigners continued to liquidate assets with cumulative net selling of $3.6m. Global markets crashed on Friday as Britain’s unprecedented vote to leave the European Union rocked world financial markets. As a result Pakistan market also fell 848 points (2.2%). Benchmark KSE 100 Index closed at 37,389 level which recovered partially after falling to an intra-day low of 36,825 level. Local bourse was dull throughout the week and after Friday collapse, KSE-100 index fell 3.6% over the week.
