KARACHI: The Pakistan Stock Exchange Friday broke the losing spree, recouping 167.41 points as benchmark 100-index closed at 33739.54 points level.
The stocks recorded the highest trading level of 33848.39 points and lowest level of 33572.13 points, with the volume of 209 million shares, having about Rs8.55 billion value. As many as 339 companies were active; of which 197 advanced, 122 declined and 20 remained unchanged.
Power generation & distribution was the top traded sector with 37,077,700 volume, while auto assembler remained second with 23,226,650 volume.
The three top traded companies were Japan Power with a volume of 22,738,000 and price per share of 4.28 (0.50), Sui North Gas with a volume 17,473,000 of price per share of 31.21 (1.33), Dewan Motors with a volume 17,447,000 of price per share of 12.70 (0.83).
The top three gainers were Nestle Pak XD with price per share 7550 (330), Rafhan Maize XD with price per share of 8750 (206) and Island Textile price per share of 762.50 (36.17).
The top three losers were Colgate Palmo with price per share of 1461 (-39), The Searle Co.Ltd. with price per share of 437.50 (-7.91) and Service Ind.LtdXD per share of 802 (-7).
Earlier, the stocks opened gaining huge 260.83 points to take the tally to 33832.96 points level in early trading. The upward rally continued till midday as benchmark 100-index added 214.44 points to reach 33786.57 points level.
On Thursday, the bearish activity continued at the stock market as the benchmark KSE 100-share index declined 47.71 points (down 0.14 per cent) to close at 33,572.13 points. Volatility prevailed at the PSX as the index juggled between an intra-day high of 297.42 points and low of 126.30 points. The market enjoyed an intraday rally in the earlier hours of trading which was attributed to the E&P sector that followed an overnight rally in global crude oil prices. Top performers of the aforementioned sector were PPL, which rose 4.32 per cent, and POL that went up by 4.34 per cent. Above average volume was seen due to this volatility as traded volume increased 24 per cent to 327.1m shares. Traded value clocked in a 22-week high as it increased 48 per cent to Rs15.3b/$146.4m.
