KARACHI: The Pakistan Stock Exchange Wednesday made history after crossing 53,000 level but lost some points at closing as the benchmark 100-index gained 729.49 points to reach 52876.46 points level.
The stocks recorded the highest trading level of 53103.21 points and lowest level of 52146.97 points, with the volume of about 607 million shares and value of Rs23.69 billion. As many as 418 companies were active; of which 182 advanced, 219 declined and 17 remained unchanged.
Power Cement(R) was the volume leader with 124.76 million shares, adding Rs 0.60 to reach Rs 2.30. It was followed by Bank of Punjab with 90.94 million shares, adding Rs 0.37 to end at Rs 1.87 and Lotte Chemical with 36.25 million shares, losing Rs 0.68 to close at Rs 11.96.
The top three gainers were Wyeth Pak Ltd with price per share of 2666 (126.95), Exide (PAK) with price per share of 1096.46 (46.51) and Mari Petroleum share of 1668.83 (30.05).
The top three losers were Pak.Int.Cont with price per share of 386.65 (-20.34), Jubile Life Ins with price per share of 714 (-14.90) and Wah-Noble share of 281.21 (-14.80).
Earlier, the stocks gained mammoth 740 points in early trading to reach 52,887 points level. The Pakistan Stock Exchange continued its upward rally and achieved another milestone after crossing the psychological barrier of 53,000 and reached 53076 points after gaining 929 points till midday.
On Tuesday, the PSX continued its bullish momentum on second consecutive day with strong upward movement in most MSCI-EM stocks. The benchmark 100-share index closed at 52,147 points after rallying by 773.46 points or 1.57 percent.
Banking sector led the gains in the market as the sector gained to close 1.71% higher than its previous day’s close. Market participation improved with volumes rising 35% d/d to 324m shares, while traded value surged 56% to Rs20b/$187m. Scrips of total 417 companies participated in the session of which 273 concluded in advance, 132 in decline while 12 remained unchanged.
