KARACHI: The Pakistan Stock Exchange Monday remained bullish whole the day as benchmark 100-index gained 271.82 points to close at another record high of 39800.64 points.
The stocks recorded the highest trading level of 39917.13 points and lowest level of 39528.82 points, with the volume of over 203.78 million shares, having about Rs 10.73 billion value. As many as 344 companies were active; of which 210 advanced, 114 declined and 20 remained unchanged.
Commercial banks were the top traded sector with 26,210,700 volume, while oil & gas marketing companies remained second with 22,540,400 volume.
Sui North Gas was the volume leader with 15.20 million shares, losing Rs 0.17 to finish at Rs 44.20. It was followed by K-Electric Ltd with 14.244 million shares, losing Rs 0.09 to close at Rs 8.14 and TRG Pak Ltd with 12.62 million shares, gaining Rs 0.80 to close at Rs 35.67.
The top three gainers were Unilever Foods with price per share 5350 (25), Packages Ltd with price per share of 718.38 (15.32) and Shell Pakistan price per share of 329.02 (14.55).
The top three losers were Rafhan Maize with price per share of 7455 (-44.90), Pak Tobacco with price per share of 1156 (-24.75) and Khyber Tobacco per share of 330 (-17).
Earlier, the stock market opened week with bullish note and added 244.80 points to reach 39773.62 points level in early trading. The upward rally continued at Pakistan Stock Exchange till midday as the benchmark 100-index added another 336.39 points to reach 39865.11 points level.
Last week, activity at local bourse remained range bound, however, interest in index heavy stocks, mainly in banking sector, led the index to close at its all time high of 39,528. Over the week, the market rose 1.0 percent. Average daily volumes witnessed a 12 percent decline, with volumes clocking in at 182.8 million shares, on the other hand, average daily values fell 21 percent, to Rs10.5 billion/US$99.8 million. Amongst the major sectors, Tobacco, Cement and Oil & Gas Marketing Companies were up 6.3 percent, 3.2 percent and 2.6 percent, respectively. On the contrary, Oil & Gas Exploration, Refinery and Pharmaceuticals were down, 4.5 percent, 1.9 percent and 1.4 percent, respectively. Fertilizer remained flat, over the past week. Foreigners were net buyers of US$10.9 million worth of shares, during the week. Oil & Gas Marketing attracted the highest interest with net buying of $6.7 million, whereas, Chemicals had a net outflow of $8.6 million.
