KARACHI: The upward rally continued till midday as the Pakistan Stock Exchange (PSX) gained 72.31 points to reach 31366.39 points level till midday on Monday.
The stocks recorded the highest trading level of 31434.61 points and lowest level of 31219.14 points, with the volume of 71 million shares, having about Rs3.13 billion value. As many as 235 companies were active; of which 106 advanced, 108 declined and 21 remained unchanged.
Cements was the top traded sector with 13,598,000 volume, while miscellaneous remained second with 10,706,500 volume.
The three top traded companies were Pace (Pak) Ltd with a volume of 10,296,500 and price per share of 6.18 (0.06), Power Cement Ltd with a volume 8,729,000 of price per share of 9.27 (0.52), and TRG Pak Ltd with a volume 4,036,000 of price per share of 24.45 (0.05).
The top three gainers were Unilever Foods with price per share 5565 (265), Ferozsons (Lab)XD with price per share of 830 (16.42) and Archroma Pak price per share of 431 (13.29).
The top three losers were Murree Brewery with price per share of 775 (-28.33), Khyber Tobacco with price per share of 284.88 (-14.99) and Highnoon (Lab) per share of 434 (-12.33).
Earlier, the Pakistan Stock Exchange started new week with bearish note and added 101.52 points to reach 31395.60 points level in early trading.
Last week, the overall sentiments remained volatile due to uncertainties and lack of triggers in the market. Concerns attached to continuity of strong profitability of key sectors such as cements (+0.3 percent WoW) and banks (+0.1 percent WoW) kept bulls on a leash during the first half of the week but fizzled out as results came out better than expectations. Other major sectors such as autos and chemicals also showed similar trend and apparently mimicked performance of the oil & gas sector with average traded volume of the market also inching up by 11.5 percent WoW.
Average daily volume increased by 12 percent to 138.2mn shares while average daily value fell by 6 percent to Rs6.2bn/$59.5mn.On a sector level, Oil & Gas, Multiutilites and Tobacco were among the major gainers increasing 3.2-5.5 percent over the week. General Industrials and Food Producers were major losers having declined 6.0 percent and 2.6 percent in the outgoing week.
