KARACHI: The Pakistan Stock Exchange Friday remained bullish and gained massive 363.54 points to take the tally to 43270.90 points level at closing.
The stocks recorded the highest trading level of 43280.43 points and lowest level of 42622.37 points, with the volume of over 374 million shares and value of Rs 12.62 billion. As many as 395 companies were active; of which 234 advanced, 148 declined and 13 remained unchanged.
WorldCall Telecom was the volume leader with 50.21 million shares, adding Rs 0.28 to finish at Rs 3.19. It was followed by Azgard Nine with 22.81 million shares, gaining Rs 1.00 to end at Rs 9.64 and BoP with 20.29 million shares, adding Rs 0.31 to close at Rs 18.89.
The top three gainers were Wyeth Pak Ltd with price per share of 4288.96 (128.19), Khyber Tobacco with price per share of 4288.96 (128.19) and Millat Tractors share of 891.61 (42.18).
The top three losers were Bata (Pak) with price per share of 4300 (-94.08), Island Textile with price per share of 1054.75 (-55.50) and AL-Ghazi Tractors per share of 634.75 (-33.38).
Earlier, the stocks opened bullish and added 150.32 points to reach 43057.68 points level in early trading. The PSX gained another 245 points to reach 43152.42 points level till midday.
On Thursday, the PSX 100-share index posted a gain of 285 points and closed at 42,907 points. Positive sentiment prevailed in oil and gas exploration companies on the back of rising crude prices. Oil and Gas development company (OGDC), Pakistan Oil Fields (POL) and Pakistan Petroleum (PPL) registered a gain in the range of 4.0%-4.8%. Banking sector lost most of its intra-day gain, as CPI number for the month of Nov-2016 clocked in at 3.8% YoY versus 4.2% YoY for the month of Oct-2016. HBL (down 1.47%) and MCB (1.09%) were major losers of the aforementioned sector. Overall, volumes increased to 504m shares, while value increased to Rs18.1b/$172m.