KARACHI: The Pakistan Stock Exchange Monday bounced back with 203.49 points to take the tally to another high level of 41403.97 points at closing.
The stocks recorded the highest trading level of 41431.57 points and lowest level of 41199.85 points, with the volume of about 363 million shares and value of 12 billion. As many as 422 companies were active; of which 248 advanced, 163 declined and 11 remained unchanged.
BO Punjab was the volume leader with 33.42 million shares, gaining Rs 1.00 to finish at Rs 16.55. It was followed by Japan Power with 19.18 million shares, adding Rs 0.28 to end at Rs 6.72 and TRG Pak Ltd with 13.16 million shares, gaining Rs 0.37 to close at Rs 45.85.
The top three gainers were Nestle Pakistan with price per share of 7899.20 (209.20), Sanofi-Aventis with price per share of 1286.25 (61.25) and Rafhan Maize share of 7755.19 (55.19).
The top three losers were Unilever Foods with price per share of 5300 (-133.76), Pak Tobacco with price per share of 1150 (-49) and Hinopak Motor per share of 1532.50 (-23.52).
Earlier, the stocks gained 78.25 points to reach 41278.78 points level in early trading. The upward rally continued at the Pakistan Stock Exchange as benchmark 100-index added another 137points to reach 41337.46 points level till midday.
Last week, major surprise came from the oil & gas sector as despite rebound in international oil prices, the sector underperformed the benchmark KSE-100 index by 0.9 percent. The local investors remained optimistic about the outlook and continued to absorb incessant foreign selling (net $8.4 million of equities sold during the week).
Overall activity also witnessed improvement which can be gauged from 13 percent WoW increase in value traded ($163 million ADTO) and 14 percent WoW increase in average volumes traded during the week (605 million shares/day).
Average daily volumes for the outgoing week increased 14 percent WoW to 605 million shares while average daily value rose 13 percent WoW to Rs17 billion/$163 million during the week.
Foreigners were net sellers of $8.3 million during the week. Oil & Gas marketing sector witnessed net selling of $6.3 million, whereas net buying of $5.9 million was seen at banks.
