KARACHI: The Pakistan Stock Exchange Wednesday surged by 1.20 per cent or 420.26 points and crossed another psychological barrier of 35,000 to reach 35317.56 points level at closing.
The stocks recorded the highest trading level of 35441.03 points and lowest level of 34897.30 points, with the volume of 279.26 million shares, having about Rs17.24 billion value. As many as 375 companies were active; of which 209 advanced, 143 declined and 23 remained unchanged.
Technology & communication was the top traded sector with 50,916,500 volume, while commercial banking remained second with 31,024,900 volume.
The three top traded companies were PTCL XD with a volume of 23,719,000 and price per share of 14.90 (0.09), TRG Pak Ltd with a volume 22,295,500 of price per share of 36.12 (0.87), Sui North Gas with a volume 15,049,000 of price per share of 34.25 (0.66).
The top three gainers were Rafhan Maize SPOT with price per share 9099.67 (349.67), Mari PetroleumXD with price per share of 802.45 (38.21) and Philip Morris Pak price per share of 1694.90 (36.90).
The top three losers were Siemens Pak with price per share of 1043.74 (-39.26), Sapphire Fiber with price per share of 555 (-24) and andlianwala Sugar per share of 233.55 (-12.29).
Earlier, the Pakistan Stock Exchange opened gaining 286.32 points and crossed the psychological barrier of 35,000 mark to reach 35183.62 points level.
On Tuesday, the stocks staged recovery as the 100-index added 329.78 points (0.95%) to close at 34,897.30 points, led by OGDC and banking stocks. In E&P sector, OGDC was the volume leader as it gained to close near its upper circuit. Recovery was seen in the cement sector, as FCCL (1.70%), MLCF (1.07%) and DGKC (1.67%) increased in value from their previous day close. Volume increased by 6.4% to 197m shares while value also increased by 31% to Rs 9.2 billion. Cement stocks gained as renewed interest was observed. DGKC, MLCF and FCCL gained by 1.6%, 1% and 1.7% respectively.
