KARACHI: The Pakistan Stock Exchange Wednesday lost the early gains in the last session, but remained in green zone as benchmark 100-index added 17.84 points to reach 39049.46 points level at closing.
The stocks recorded the highest trading level of 39291.65 points and lowest level of 39017.92 points, with the volume of over 196 million shares, having about Rs 15.22 billion value. As many as 353 companies were active; of which 147 advanced, 188 declined and 18 remained unchanged.
Cement was the top traded sector with 29,948,650 volume, while Power generation and distribution remained second with 23,593,900 volume
K-Electric Ltd was the volume leader with 16.25 million shares, losing Rs 0.03 to finish at Rs 8.25. It was followed by Pak Electron with 13.77 million shares, gaining Rs 0.92 to close at Rs 66.67 and PTCL with 11.65 million shares, gaining Rs 0.35 to close at Rs 16.19.
The top three gainers were Colgate Palmo with price per share 1519.99 (59.99), Abbott Lab with price per share of 808.50 (38.50) and Murree Brewery price per share of 661.50 (31.50).
The top three losers were Rafhan Maize with price per share of 7411 (-389.00), Nestle Pak with price per share of 7499 (-51.50) and Unilever Foods per share of 5200 (-50).
Earlier, the stock market opened bullish, adding another 160.42 points to reach record level of 39192.04 points. The Pakistan Stock Exchange Wednesday gained another 188.39 points to reach 39220.01 points level till midday.
On Tuesday, bull-run helped the KSE-100 index rise by 663.66 points, or 1.73 per cent, to an all-time high of 39,031.62. The Pakistan Stock Exchange got renewed momentum on the back of gains witnessed in regional and overseas markets. Intra-day, the index clocked in gains of 701.69 points (1.80pc). Trade volume jumped 56pc to 248.4 million shares and value surged 49pc to Rs18.5 billion over the previous day. Foreign investors picked up equities in the heavy sum of $12.49m.
