KARACHI: The Pakistan Stock Exchange Tuesday added huge 329.78 points to take the tally to 34897.30 points level at closing.
The stocks recorded the highest trading level of 34474.49 points and lowest level of 34474.49 points, with the volume of 198 million shares, having about Rs9.22 billion value. As many as 336 companies were active; of which 165 advanced, 149 declined and 22 remained unchanged.
Commercial banking was the top traded sector with 36,081,900 volume, while technology & communication remained second with 30,066,500 volume.
The three top traded companies were BO Punjab with a volume of 21,914,000 and price per share of 9.04 (-0.26), PTCL XD with a volume 16,876,500 of price per share of 14.81 (0.53), Oil & Gas Dev with a volume 11,408,300 of price per share of 134.67 (5.81).
The top three gainers were Nestle Pak XD with price per share 7333.80 (143.80), Bata (Pak)XD with price per share of 3370 (65) and Punjab Oil price per share of Siemens Pak 1083 (46.13).
The top three losers were Philip Morris Pak with price per share of 1658 (-42.81), Island Textile with price per share of 800 (-32.13) and Exide (PAK) per share of 750.25 (-19.25).
Earlier, the stocks opened flat with only 9 points gain to reach 34576.68 points level. The PSX regained the overnight losses till midday and added 174.61 points to reach 34742.13 points level.
On Monday, volatility prevailed on the first session of the week as Pakistan Stock Exchange benchmark 100-share index shed 151.77 points to close at 34567.52 points. The oil and gas sector remained under pressure after global crude oil prices came down from their high over the weekend to trade around $46.80/barrel (Brent). Major laggards of the aforementioned sector were NRL (down 2.30%), ATRL (down 2.07%) and OGDC that decreased by 1.89%. Profit-taking was witnessed in the cement and banking sectors amid increased political noise and uncertainty. Volume decreased by 27% to 185m shares while value decreased by 47% to Rs 7.0b/67$m. After rising last week, profit-taking was seen in banking stocks. MCB, HBL and UBL declined by 2.4%, 0.8% and 0.5% respectively.
