KARACHI: The Pakistan Stock Exchange shed some early gains in the last session, however, the benchmark 100-index added 60.64 points to reach 40355.02 points level at closing on Wednesday.
The stocks recorded the highest trading level of 40467.91 points and lowest level of 40207.26 points, with the volume of about 435.06 million shares and value of 13.59 billion. As many as 405 companies were active; of which 174 advanced, 214 declined and 17 remained unchanged.
BO Punjab was the volume leader with 52.75 million shares, adding Rs 0.51 to finish at Rs 13.58. It was followed by TRG Pak Ltd with 47.04 million shares, gaining Rs 2.10 to end at Rs 44.17 and Pace (Pak) Ltd with 22.59 million shares, shedding Rs 0.47 to close at Rs 10.93.
The top three gainers were Wyeth Pak Ltd with price per share of 2094.75 (99.75), Indus Motor Co with price per share of 1398.91 (66.61) and Hinopak Motor share of 1309.15 (62.34).
The top three losers were Rafhan Maize with price per share of 7100 (-250), Colgate Palmolive with price per share of 1550 (-37.77) and Philip Morris Pak per share of 1500 (-30.14).
Earlier, the PSX became bearish soon after positive opening as benchmark 100-index shed 55.43 points to drop to 40238.95 points level in early trading. The Pakistan Stock Exchange bounced back after witnessing some loss in early trading and added 111.79 points to reach 40406.17 points level till midday.
On Tuesday, the 100-share index gained 73.62 points (up 0.18%) and closed at 40,294 points level. The automobile sector rallied on the back of depreciating Yen. Top performers of the sector were PSMC (up 5.00%) and INDU (1.34%). SEARL (up 1.58%) and SAPL (5%) were the biggest index movers from the sector. IBLHL (up 5.00%) announced its FY16 result clocking in DPS of 10% and EPS of Rs4.24/share. Volumes increased by 18% to 573m shares while value also increased by 22% to Rs14.4b/$138m. Above average volume was observed in BOP on the hope of better result as 86m shares were traded while gaining by 6%.
