KARACHI: Bulls bounced back on Friday as the Pakistan Stock Exchange (PSX) added 197.22 points to take the tally to 30949.02 points level at closing.
The stocks recorded the highest trading level of 30998.32 points and lowest level of 30751.80 points, with the volume of 131.17 million shares, having over Rs6.53 billion value. As many as 300 companies were active; of which 198 advanced, 85 declined and 17 remained unchanged.
Transport was the top traded sectors with 22,744,000 volume, while technology & communication remained second with 23,370,000 volume.
The three top traded companies were PIAC (A) with a volume of 25,031,500 and price per share of 8.48 (1.0), TRG Pak Ltd with a volume 20,454,500 of price per share of 26.76 (1.27), and Byco Petroleum with a volume 7,301,500 of price per share of 17.37 (1.00).
The top three gainers were Ferozsons (Lab) with price per share 1115 (50.33), Island Textile with price per share of 759.15 (36.15) and Colgate Palmo price per share of 1565 (25).
The top three losers were Bhanero Tex with price per share of 514.43 (-27.07), Ghandhara Ind with price per share of 408.87 (-21.51) and Service Ind Ltd per share of 900.01 (-19.49).
Earlier, the benchmark KSE-100 index started positive with 169.57 points to reach 30921.37 points level. Till midday, the PSX continued the upward momentum of earlier trading and gained 205.23 points to reach 30957.03 points level.
On Thursday, the stocks conceded another 14.21 points to close at 30751.80 points. Traded volume increased by 18.8% to 136m shares compared to 106m shares of Wednesday while traded value increased by 8.5% to Rs7.6b/$75m. Of total 330 traded companies in session, 162 concluded in advance, 142 in decline while 26 went unchanged.
