KARACHI: The Pakistan Stock Exchange (PSX) closed positive with 46.40 points gain to reach 42409.27 points level on Friday.
The stocks recorded the highest trading level of 42543.20 points and lowest level of 42286.60 points, with the volume of 173 million shares and value of Rs5.45 billion. As many as 343 companies were active; of which 210 advanced, 117 declined and 16 remained unchanged.
K-Electric Ltd was the volume leader with 37.96 million shares, adding Rs0.38 to reach Rs7.04. It was followed by BoP with 13.58 million shares, adding Rs0.30 to end at Rs9.90 and Pak Int.Bulk with 9.60 million shares, gaining Rs0.83 to close at Rs21.59. The top three gainers were Pak Tobacco with price per share of 1499 (50), Sanofi-Aventis with price per share of 1800 (50) and Bata (Pak) of 2950 (50).
The top three losers were Sapphire Fiber with price per share of 989.29 (-52.06), IGI Insurance with price per share of 288.08 (-11.91) and Pak Engineering share of 228 (-11.50).
Earlier, the stock started the last trading day of the week on bullish note and added 176.98 points to reach 42539.85 points level in early trading. The Pakistan Stock Exchange continued adding points till midday as the benchmark 100-index gained 115.57 points to reach 42478 points level.
On Thursday, the stocks remained range bound, as the benchmark KSE-100 index made an intraday low of 95 points and a high of 166 points, to finally close at 42,363, by gaining 73 points.
Index point leaders POL (up 3.6pc), PIBTL (gain 4.5pc), PPL (up 0.8pc), ENGRO (rose 0.7pc) & FATIMA (up 4.3pc) with positive contribution of 91 points conversely HBL (down 0 7pc) LUCK (slip 1pc) MEBL (down 2 3pc) BAHL (slump 1 4pc) & FCCL (down 2 4pc) held back 71 points from the upside.
Today’s gains were fuelled by Petro chain; E&Ps added 45 points lead by POL (39.5 points), OMCs 17points & Refinery 15 points. Transport also added 15 points as PIBTL neared its upper limit after hiatus. Cements (shed 40 points), Banks (down 38 points) & Power (held back 9.5 points) were losers.
Volumes were down 4 percent d/d at 140 million shares as compared to 147 million shares in the previous trading session. While traded value rose 12 percent at Rs6 billion/$57 million. Scrips of total 382 active companies were traded in the session of which 234 concluded in advance, 127 in decline while 21 remained unchanged.
