KARACHI: The Pakistan Stock Exchange on Tuesday gained huge 1096.17 points to take the tally to 42744.82 level after witnessing a bullish day.
The stocks recorded the highest trading level of 42770.41 points and lowest level of 41648.65 points, with the volume of 140.84 million shares and value of Rs7.21 billion. As many as 339 companies were active; of which 259 advanced, 66 declined and 14 remained unchanged.
Fauji Cement Co Ltd was the volume leader with 13.96 million shares, adding Rs1.10 to reach Rs25.71. It was followed by Pakistan Elektron Ltd with 7.39 million shares, gaining Rs1.62 to end at Rs37.44 and TRG Pakistan Ltd with 6.73 million shares, adding Rs1.24 to close at Rs27.41.
The top three gainers were Pakistan Tobacco Co Ltd with price per share of 2070 (70), Wyeth Pakistan Limited with price per share of 1501.04 (39.04) and Indus Motor Company Ltd of 1625.98 (32.03).
The top three losers were Island Textile Mills Ltd with price per share of 1085 (-54.99), Allawasaya Tex. & Finishing Mills with price per share of 359.10 (-18.90) and National Foods Ltd share of 318.25 (-16.75).
The PSX started trading on bullish note and gained 126 points to reach 41775 level in early trading. The Pakistan Stock Exchange added massive 632 points to take the tally to 42281 level till midday.
The stocks closed flat on the first day of the rollover week in absence of any positive trigger despite of the approval of FY19 budget by the parliament on Friday.
Investors remained concerned as government has not yet disclosed any concrete plan to address mounting current account deficit numbers, which swelled to $14b in 10MFY18 vs $9.3b last year. As a result, market closed with marginal gain of 25 points against intra-day gain of 289 points.
Investors showed interest in small cap stocks that led volumes to grow by 7pc. However, value dropped by 14pc. EPCL closed near its lower lock as company declared right shares of 37pc at Rs22 per share in last session. Among scrips, FCCL, PAEL and EPCL topped the table in terms of volume with cumulative trading volume of 18m shares. Sector-wise data indicate that commercial banks and chemicals remained top volume leaders with cumulative trading volume of 24m shares.
