KARACHI: The Pakistan Stock Exchange Tuesday achieved another milestone by crossing the psychological barrier of 39,000 points. At closing, the benchmark KSE 100-index reached 39031.62 points level after adding mammoth 663.66 points.
The stocks recorded the highest trading level of 39069.65 points and lowest level of 38367.96 points, with the volume of 248 million shares, having about Rs 18.54 billion value. As many as 334 companies were active; of which 213 advanced, 102 declined and 19 remained unchanged.
Power generation and distribution was the top traded sector with 48,161,400 volume, while cement remained second with 36,591,200 volume
K-Electric Ltd was the volume leader with 39.20 million shares, gaining Rs 0.16 to finish at Rs 8.25. It was followed by Sui North Gas with 15.92 million shares, gaining Rs 0.53 to close at Rs 40.30 and Dewan Cement with 14.10 million shares, gaining Rs 0.29 to close at Rs 15.75.
The top three gainers were Nestle Pak with price per share 7550 (250), Unilever Foods with price per share of 5250 (55) and Packages Ltd price per share of 713.62 (33.98).
The top three losers were Rafhan Maize with price per share of 7800 (-24.99), Exide (PAK) with price per share of 770 (-15) and Abbott Lab per share of 770 (-11.33).
Earlier, the stock market reached 38624.76 points level by gaining 256.80 points just after opening. The Pakistan Stock Exchange added huge 512.48 points to touch another highest-ever level of 38880.44 points till midday.
On Monday, the local equities roared higher on the first trading day after Eid holidays with the benchmark KSE 100-share Index settling above 38,000 points. At close, the Pakistan Stock Exchange’s (PSX) benchmark index registered an increase of 1.06% or 401.20 points to end at 38,367.96. A rally was also recorded in the cement sector on the back of local demand that surged 9.2% year-on-year in June. Top performers of the sector were Lucky Cement and DG Khan Cement. Trade volumes increased to 160 million shares compared with previous Monday’s tally of 111 million. Shares of 323 companies were traded. At the end of the day, 202 stocks closed higher, 97 declined while 24 remained unchanged. The value of shares traded during the day was Rs12.5 billion.
The stocks recorded the highest trading level of 39069.65 points and lowest level of 38367.96 points, with the volume of 248 million shares, having about Rs 18.54 billion value. As many as 334 companies were active; of which 213 advanced, 102 declined and 19 remained unchanged.
Power generation and distribution was the top traded sector with 48,161,400 volume, while cement remained second with 36,591,200 volume
K-Electric Ltd was the volume leader with 39.20 million shares, gaining Rs 0.16 to finish at Rs 8.25. It was followed by Sui North Gas with 15.92 million shares, gaining Rs 0.53 to close at Rs 40.30 and Dewan Cement with 14.10 million shares, gaining Rs 0.29 to close at Rs 15.75.
The top three gainers were Nestle Pak with price per share 7550 (250), Unilever Foods with price per share of 5250 (55) and Packages Ltd price per share of 713.62 (33.98).
The top three losers were Rafhan Maize with price per share of 7800 (-24.99), Exide (PAK) with price per share of 770 (-15) and Abbott Lab per share of 770 (-11.33).
Earlier, the stock market reached 38624.76 points level by gaining 256.80 points just after opening. The Pakistan Stock Exchange added huge 512.48 points to touch another highest-ever level of 38880.44 points till midday.
On Monday, the local equities roared higher on the first trading day after Eid holidays with the benchmark KSE 100-share Index settling above 38,000 points. At close, the Pakistan Stock Exchange’s (PSX) benchmark index registered an increase of 1.06% or 401.20 points to end at 38,367.96. A rally was also recorded in the cement sector on the back of local demand that surged 9.2% year-on-year in June. Top performers of the sector were Lucky Cement and DG Khan Cement. Trade volumes increased to 160 million shares compared with previous Monday’s tally of 111 million. Shares of 323 companies were traded. At the end of the day, 202 stocks closed higher, 97 declined while 24 remained unchanged. The value of shares traded during the day was Rs12.5 billion.
