KARACHI: The Pakistan Stock Exchange Friday closed green after adding 100.17 points to take the tally to 40471.48 level.
The stocks recorded the highest trading level of 38443.12 points and lowest level of 37768.25 points, with the volume of 241 million shares and value of Rs9.36 billion. As many as 347 companies were active; of which 171 advanced, 162 declined and 14 remained unchanged.
PTCL was the volume leader with 25.36 million shares, adding Rs0.75 to reach Rs13.05. It was followed by Dewan Cement with 12.52 million shares, gaining Rs0.50 to end at Rs17.29 and K-Electric with 11.54 million shares, increasing Rs0.11 to close at Rs6.31.
The top three gainers were Unilever Foods with price per share of 7315.03 (348.03), Bata (Pak) with price per share of 2452.27 (116.23) and Pak Tobacco of 2147.92 (102.28).
The top three losers were Colgate Palmolive with price per share of 2800 (-90), Sanofi-Aventis with price per share of 1243.50 (-36.40) and National Refinery share of 430.87 (-19.94).
Earlier, the stocks opened keeping previous day’s positive note and added 100 points to reach 40471 level in early trading. The PSX continued its upward rally till midday as benchmark 100-index added 102 points to reach 40473 level.
Yesterday the stocks maintained its upward trend as flows in cement, steel, gas utilities kept investors’ sentiment intact, resultantly the benchmark 100-share index gained another 225 points and closed at 40,371 points.
Top index point contributors were MCB (up 3.8%), LUCK (3.5%), UBL (1.8%), DGKC (2.8%) & FCCL (4%), adding 179 points to the index, while PPL (down 1.2%), ENGRO (1.1%), HBL (0.7%), OGDC (0.6%) & PAEL (4.2%) held 84 points back from the index.
Sector wise; cements added 109 points, banks 84 points, textile 22 points, refinery 19 points, whereas E&Ps held back 46 points, fertilizer 32 points & cable goods 11 points.
Traded volumes improved by 20% DoD to 239m shares while value traded surged up to $82m.
Top volume stocks for the day were WTL (up 0.34%), DSL (down 4.10%), and TRG (up 1.04%). SSGC (up 5%) from the gas utility closed at its upper circuit on the back of news that the government is likely to offer incentive relief to SSGC to the tune of Rs31 billion.
