KARACHI: The upward rally continued as the Pakistan Stock Exchange Wednesday gained 282.18 points to reach 36343.74 points level till midday.
The stocks recorded the highest trading level of 36395.58 points and lowest level of 36044.60 points, with the volume of over 79 million shares, having Rs 3.2 billion value. As many as 295 companies were active; of which 198 advanced, 84 declined and 13 remained unchanged.
The three top traded companies were K-Electric Ltd with a volume of 14,643,500 and price per share of 7.80 (0.25), NIB Bank Limite with a volume 8,074,000 of price per share of 2.05 (0.25), Dewan Motors with a volume 6,381,000 of price per share of 16.65 (0.70).
The top three gainers were Ferozsons (Lab) with price per share 985 (21.36), Feroze 1888XD with price per share of 302 (14.38) and Mari Petroleum price per share of 888 (8.42).
The top three losers were Rafhan Maize with price per share of 8350.50 (-439.50), Pak Tobacco with price per share of 1009 (-51.96) and Sanofi-Aventis per share of 535 (-25).
Earlier, the PSX again opened with positive note and gained 274.06 points to reach 36335.62 points level in early trading.
On Tuesday, the bearish trend persisted at stock market on second consecutive day. The bench mark 100-share index conceded another 173.13 points (0.48%) to close at 36061.56 points. Market opened on a positive note as the index rallied to make an intra-day high of 180 points but succumbed to selling pressure during the late hours. Selling pressure during the late hours can be attributed to sceptical investors’ preference to remain on the sidelines before the budget announcement. Volumes increased by 7.3% to 220m shares while value also increased by 12% to Rs10.3b.
