KARACHI: The Pakistan Stock Exchange Tuesday bounced back as the benchmark 100-index gained 130.01 points to take the tally to 39147.33 points level at closing.
The stocks recorded the highest trading level of 39196.15 points and lowest level of 38996.44 points, with the volume of over 197.05 million shares, having about Rs 11.47 billion value. As many as 336 companies were active; of which 152 advanced, 163 declined and 21 remained unchanged.
Transport was the top traded sector with 24,168,600 volume, while cement remained second with 22,658,650 volume.
Pak Int.Bulk was the volume leader with 22.56 million shares, gaining Rs 0.60 to finish at Rs 33.11. It was followed by Dewan Cement with 16.36 million shares, gaining Rs 0.40 to close at Rs 16.40 and Pak Electron with 12.45 million shares, adding Rs 0.84 to close at Rs 71.25.
The top three gainers were Philip Morris Pak with price per share 1516.73 (71.83), The Searle Co.Ltd with price per share of 592.08 (28.24) and Abbott Lab price per share of 828.41 (18.48).
The top three losers were Siemens Pak with price per share of 918.50 (-38), Bhanero Tex with price per share of 678.30 (-35.70) and Sapphire Fiber per share of 541.50 (-28.50).
Earlier, the stocks opened with positive note and added 26.83 points to reach 39044.15 points level in early trading. The upward rally continued till midday as the Pakistan Stock Exchange benchmark 100-index gained 125.99 points to reach 39143.31 points level.
On Monday, the equities closed lower on the first day of week after the benchmark KSE 100-share Index traded lacklustre and found support above 39,000 points. At close, the Pakistan Stock Exchange’s (PSX) benchmark index recorded a fall of 0.34% or 134.46 points to end at 39,017.32. Overall, volumes and the traded value on the benchmark index plunged 44% and 38% respectively compared to last week’s average with the on-going futures rollover week expected to keep participation at minimum levels in the market. Trading volumes fell to 166 million shares compared with Friday’s tally of 220 million.
