KARACHI: The Pakistan Stock Exchange Wednesday recouped the previous losses as the benchmark 100-index gained 106.39 points to close higher at 39506.58 points level.
The stocks recorded the highest trading level of 39544.68 points and lowest level of 39362.25 points, with the volume of over 140.46 million shares, having about Rs 7.67 billion value. As many as 378 companies were active; of which 211 advanced, 140 declined and 27 remained unchanged.
Textile spinning was the top traded sector with 48,879,300 volume, while power generation & distribution remained second with 27,425,900 volume.
K-Electric Ltd was the volume leader with 12.21 million shares, gaining Rs 0.14 to finish at Rs 8.78. It was followed by Dewan Motors with 11.42 million shares, gaining Rs 0.83 to end at Rs 22.31 and Sui North Gas with 6.65 million shares, adding Rs 0.65 to close at Rs 43.40.
The top three gainers were Bata (Pak) with price per share of 4100 (99.95), Pak TobaccoXD with price per share of 1089.50 (47.52) and Murree Brewery per share of 950.86 (45.27).
The top three losers were Nestle Pak with price per share of 7351 (-49), Ferozsons (Lab) with price per share of 1001.18 (-20.77) and Highnoon (Lab) per share of 582.40 (-19).
Earlier, the stocks took a good start and added 79.93 points to reach 39480.12 points level in early trading. The PSX further recovered the losses till midday and gained 90.90 points to take the tally to 39491.09 points level.
On Tuesday, the benchmark 100-share index shed 58 points to settle at 39400.19 points. Volatility prevailed in the market as the futures rollover week continues. Investors’ interest was seen in the banking sector, as it closed marginally higher than its previous day’s close. HBL (up 1.19%) and MCB (1.18%) were the top performers of the aforementioned sector. Volumes declined by 7% to 173m shares while value increased by 14% to Rs8.1b/$77m. KEL led the volumes with 13.3m shares traded.
