KARACHI: The Pakistan Stock Exchange Thursday added huge 363.89 points to regain the psychological barrier of 40,000 and reached 40135.31 points at closing.
The stocks recorded the highest trading level of 40319 points and lowest level of 39771.42 points, with the volume of about 659.89 million shares and value of 17.04 billion. As many as 398 companies were active; of which 318 advanced, 70 declined and 10 remained unchanged.
Pace (Pak) Ltd was the volume leader with 54.20 million shares, gaining Rs 0.96 to finish at Rs 10.97. It was followed by WorldCall Telecom with 50.19 million shares, adding Rs 0.44 to end at Rs 2.79 and K-Electrics with 50.08 million shares, gaining Rs 0.32 to close at Rs 9.12.
The top three gainers were Nestle Pakistan with price per share of 7500 (75), Island Textile with price per share of 1285 (45.73) and Sanofi-Aventis per share of 945.18 (45).
The top three losers were Rafhan Maize with price per share of 7294.99 (-304.96), Pak Tobacco with price per share of 1079.50 (-30.50) and Sapphire Fiber per share of 600 (30).
Earlier, the stocks recouped the overnight losses just after start of the day and added 350.38 points to regain 40,000 mark and reached 40121.80 points level in early trading. The Pakistan Stock Exchange Wednesday witnessed bullish note till midday and gained 432 points to reach 40203.48 points level.
On Wednesday, heavy selling was witnessed at the Pakistan Stock Exchange amid rising political and border tensions as the benchmark 100-share index fell by 569 points (1.4%) and closed below the psychological mark of 40,000 points. The stock market closed at 39,771.42 points. Volumes declined by 23% to 693m shares while value declined by 8.2% to Rs19.0b/$182m. Volumes declined by 23% to 693m shares while value declined by 8% to Rs19.0b/$182m. Among other stocks, investors booked profits in TRG Pakistan (TRG), Sui Southern Gas Pipelines (SSGC) and Sui Northern Gas Pipelines (SNGP), which resulted in the scrips closing at their lower limits.
