KARACHI: Despite shedding some early gains in the last session, the Pakistan Stock Exchange closed adding 234.36 points to reach 34503.64 points level on Thursday.
The stocks recorded the highest trading level of 34580.97 points and lowest level of 34269.28 points, with the volume of 270 million shares, having over Rs14.54 billion value. As many as 354 companies were active; of which 172 advanced, 167 declined and 15 remained unchanged.
The three top traded companies were Pak Elektron with a volume of 22,573,000 and price per share of 63.19 (3.00), Power Cement Ltd with a volume 14,737,500 of price per share of 11.93 (1.00), Dewan Motors with a volume 13,667,000 of price per share of 13.98 (-0.48).
The top three gainers were Nestle Pak XD with price per share 7199 (99), Pak TobaccoXD with price per share of 1247 (59.38) and Siemens Pak price per share of 970 (22).
The top three losers were Unilever FoodsXD with price per share of 5500 (-55), Indus Dyeing with price per share of 665 (-35) and Colgate Palmo per share of 1500 (-10).
Earlier, the stocks opened keeping yesterday’s bullish note and added 136.80 points to reach 34406.08 points level in early trading. The upward rally continued till midday as the benchmark 100-index added another 304.96 points to reach 34574.24 points level.
Bullish momentum continued Wednesday where the index rallied 421.54 points (up 1.25%) to close at 34,269.28 points. Positivity prevailed in the banking sector on the back of better than expected first quarter results and MoM increase in banking for the month of March; BAFL 2.51% and FABL 2.11% both rallied after they announced better than expected results. As global crude oil prices continue their positive trajectory to trade above $46.50 (Brent), the oil sector continued its bull run as all major scripts closed in the green zone. Top performers of the oil and gas sector were OGDC (closing on its upper circuit) and ATRL (2.88%). Engro 1.75% rallied after its first quarter 2016 EPS clocked in at Rs6.97/share. Volume remained flat at 257mn shares while value rose by 5% at Rs 12.5b/$120m).
