KARACHI: The Pakistan Stock Exchange (PSX) witnessed the bullish day on Friday as KSE-100 index gained 491.55 points to cross psychological barrier of 31,000 and reached 31294.08 points at closing.
The stocks recorded the highest trading level of 31329.74 points and lowest level of 30802.53 points, with the volume of 125 million shares, having about Rs7 billion value. As many as 316 companies were active; of which 208 advanced, 97 declined and 11 remained unchanged.
Technology & communication was the top traded sector with 17,977,000 volume, while commercial banks remained second with 15,907,400 volume.
The three top traded companies were Sui South Gas with a volume of 6,833,000 and price per share of 27.44 (1.30), TRG Pak Ltd with a volume 5,964,000 of price per share of 24.52 (0.52), and Telecard Limited with a volume 5,898,000 of price per share of 2.85 (0.24).
The top three gainers were Unilever Foods with price per share 5300 (90), Philip Morris Pak with price per share of 1825 (84.56) and erozsons (Lab)XD price per share of 813.58 (38.74).
The top three losers were Rafhan Maize with price per share of 8050 (-139), Wyeth Pak Ltd with price per share of 1810 (-87.50) and Khyber Tobacco per share of 299.87 (-15.78).
Earlier, the Pakistan Stock Exchange took good start and gained 129.68 points to reach 30932.21 points in early trading. The PSX added 265.04 points to reach 31067.57 points level till midday.
On Thursday, the PSX opened comfortably in the green territory but was pulled down by midday selling. The market plunged amid heightened worry over market liquidity. Global prices of crude oil remained volatile as investors predicted another inventory built up.
The KSE-100 index resumed trade from where it left the last session and gained 150.11 points. The gains soon reversed to a dip of 73.75 points. Last hour buying supported the index which settled with 15.93 points positive at 30,802.53. The market volumes thinned down to 121.253 million from last session’s 138.477 million.
