KARACHI: Despite losing most of the early gains, the Pakistan Stock Exchange remained in positive note as benchmark 100-index added 34.01 points to reach 39468.98 points level at closing on Thursday.
The stocks recorded the highest trading level of 39716.21 points and lowest level of 39325.11 points, with the volume of over 181.33 million shares, having about Rs 10.5 billion value. As many as 358 companies were active; of which 147 advanced, 192 declined and 19 remained unchanged.
Technology & communication was the top traded sector with 21,090,500 volume, while cement remained second with 18,523,750 volume.
Dewan Motor was the volume leader with 12.36 million shares, gaining Rs 0.37 to finish at Rs 19.41. It was followed by Dewan Cement with 11.89 million shares, losing Rs 0.11 to close at Rs 15.44 and TRG Pak Ltd with 7.92 million shares, losing Rs 0.23 to close at Rs 34.20.
The top three gainers were Bata (Pak) with price per share 3900 (145), Unilever Foods with price per share of 5325 (125) and Nestle Pak price per share of 7509.80 (89.80).
The top three losers were Rafhan Maize with price per share of 7379.99 (-61.87), Archroma Pak with price per share of 509.41 (-26.66) and Pak Suzuki per share of 413.99 (-21.78).
Earlier, the bullish note helped stock gain 277.03 points to touch another highest level of 39712 points in early trading. The Pakistan Stock Exchange added 154 points to reach 39588.57 points level till midday.
On Wednesday, the stocks clawed back all the losses as the index surged nearly a percent to close at the all-time high levels, led by financial and cement scrips, on robust results. The Pakistan Stock Exchange’s (PSX) benchmark 100-share Index closed higher 0.73 percent or 287.64 points to the all-time high index of 39,434.97 points. The highest index of the day remained at 39,590.29 points, while the lowest level of the day was recorded at 39,130.07 points. Turnover rose 27 million shares to 224.25 million shares. Trading value was up to Rs13.26 billion from Rs11.47 billion. The market capital expanded to Rs7.86 trillion from Rs7.82 trillion. Of a total of 361 companies, 161 ended up, 173 closed down and 27 remained unchanged.
