KARACHI: The stocks recouped all the losses it witnessed in the last three bearish days as the benchmark 100-index gained massive 621.81 points to take the tally to record 41545.95 points level on Thursday.
The stocks recorded the highest trading level of 41688.57 points and lowest level of 40924.14 points, with the volume of about 562 million shares and value of 18.67 billion. As many as 411 companies were active; of which 283 advanced, 114 declined and 14 remained unchanged.
BoP was the volume leader with 68.44 million shares, adding Rs 0.85 to finish at Rs 18.30. It was followed by Dost Steel (R) with 49.25 million shares, shedding Rs 0.03 to end at Rs 49.25 and Japan Power with 42.87 million shares, gaining Rs 0.70 to close at Rs 6.96.
The top three gainers were Nestle Pakistan with price per share of 8000 (200), Rafhan Maize with price per share of 7850 (150) and Bata (Pak) share of 4300 (100).
The top three losers were Bhanero Tex with price per share of 821.75 (-43.25), Ferozsons (Lab) with price per share of 850.41 (-39.64) and Pak Engineering per share of 470.25 (-24.75).
The upward rally continued till midday as the Pakistan Stock Exchange gained 728 points to reach 41652.62 points level on Thursday.
Earlier, the stocks opened recouping almost all the previous losses and added 626 points to reach 41545.95 points level in early trading.
On Wednesday, the Pakistan Stock Exchange continued its downward trajectory on third consecutive session as the benchmark 100-share index conceded another 30 points and closed at 40,924.14 points. Overall, volumes increased by 32.4% to 506m shares, while value decreased by 5.3% to Rs12.4b/ $119m. Rumours of increase in cement bag prices led some interest in DGKC, MLCF & FCCL. Stocks gained between 0.6%-2.4%. UBL announced EPS of 5.77/share along with Rs.3 dividend. Stock price closed up by 1.5%. Above expected EPS of 18.85/share led APL to gain by 4.1%. EFOODS announced below expected EPS of 0.83/share. Stock price increased by 0.6%.
