KARACHI: The Pakistan Stock Exchange Tuesday recouped some previous losses and gained 728.65 points to reach 45394 points level at closing.
The stocks recorded the highest trading level of 45686.03 points and lowest level of 44328.20 points, with the volume of about 189.92 million shares and value of Rs9.69 billion. As many as 382 companies were active; of which 228 advanced, 131 declined and 23 remained unchanged.
Engro Polymer was the volume leader with 14.78 million shares, adding Rs0.26 to reach Rs34.90. It was followed by TRG Pak Ltd with 14.20 million shares, losing sRs0.10 to end at Rs37.99 and K-Electric with 13.46 million shares, gaining Rs0.03 to close at Rs6.84.
The top three gainers were Rafhan Maize with price per share of 7000 (150), Hinopak Motor with price per share of 1372 (62) and Sapphire Fiber of 1252.19 (60).
The top three losers were Unilever Foods with price per share of 5800 (-150), Bata (Pak) with price per share of 3200 (-100) and Sanofi-Aventis share of 1650 (-37.83).
Earlier, the stocks bounced back as the benchmark 100-index added 317points to reach 44982 points level. Pakistan Stock Exchange (PSX) continued its upward rally and gained 486 points to take the tally to 45151 points level till midday.
On Monday, the stocks witnessed a bloodbath on first trading day of the new fiscal year with the benchmark 100-share index losing massive 1,900 points, the biggest ever fall, due to ongoing political uncertainty, as Supreme Court directed JIT to complete Panama case probe into the Sharif family’s dealings abroad.
The index plunged 4.08 per cent, falling through the 45,000 level to close at 44,665.41 points. The market recorded the day’s low at 44,639.82 points during the trading session, brokers said.
Weak global crude prices, concerns for higher taxation on corporate sector and dismal economic data on exports played a catalyst role in record fall at PSX, he added. Participants sat on the bench as volumes plummeted 34% to 157m shares, while traded value declined 6% to Rs8.8b/$84.3m.
Scrips of total 359 active companies participated in the session of which 326 finished in red, only 21 in green while 12 remained unchanged.
