KARACHI: The Pakistan Stock Exchange Friday witnessed a bullish day and gained 340.10 points to close at 49353.92 points level.
The stocks recorded the highest trading level of 49464.06 points and lowest level of 49013.82 points, with the volume of over 459 million shares and value of Rs 23 billion. As many as 410 companies were active; of which 244 advanced, 155 declined and 11 remained unchanged.
Telecard Limited was the volume leader with 49.05 million shares, adding Rs 0.35 to finish at Rs 5.50. It was followed by Faysal Bank with 29.82 million shares, shedding Rs 1.42 to end at Rs 27.06 and TRG Pak with 19.03 million shares, adding Rs 0.78 to close at Rs 50.95.
The top three gainers were Bata (Pak)with price per share of 4190.99 (198.79), Sanofi-Aventis with price per share of 2659 (62.61) and Pak Tobacco share of 1385 (59.15).
The top three losers were Wyeth Pak Ltd with price per share of 4739.99 (-92.51), Khyber Tobacco with price per share of 1054.05 (-55.45) and Unilever Foods per share of 5900 (-50).
Earlier, the Pakistan Stock Exchange opened buoyant as the 100-index added another 436 points to reach 49450 points level in early trading. The PSX remained bullish till midday and gained 369.85 points to reach 49383.67 points level.
On Thursday, the stocks gained around 372 points to close at 49,014 level. The top index influencers were LUCK (higher 1.26%), NML (5%) and ENGRO (1.18%). BOP (0.73%) was today’s volume leader with more than 32 million shares traded. Oil stocks remained in pressure on weak global crude prices and dismal annual earnings of PPL. Investor speculations in second and third tier value stocks in the late session rally of the earnings season played a catalyst role in record close. Overall, volumes increased by 38 percent to 456 million shares, while traded value rose by 6 percent Rs23.2 billion.
