KARACHI: The Pakistan Stock Exchange Monday regained huge 438.81 points to take the tally to 40220.76 points level.
The stocks recorded the highest trading level of 40275.84 points and lowest level of 39781.95 points, with the volume of about 484.01 million shares and value of 11.79 billion. As many as 406 companies were active; of which 281 advanced, 107 declined and 18 remained unchanged.
BO Punjab was the volume leader with 37.40 million shares, adding Rs 1.00 to finish at Rs 12.41. It was followed by Pace (Pak) Ltd with 37.15 million shares, gaining Rs 0.53 to end at Rs 12.67 and WorldCall with 35.20 million shares, adding Rs 35.20 to close at Rs 3.09.
The top three gainers were Sanofi-Aventis with price per share of 1042.05 (49.62), Atlas BatteryXD with price per share of 817.98 (38.01) and Khyber Tobacco per share of 790 (37.40).
The top three losers were Philip Morris Pak with price per share of 1505.39 (-79.23), Ismail Industr with price per share of 425.13 (-17.97) and Murree BreweryXD per share of 1057.54 (-14.83).
Earlier, the PSX recouped some losses and crossed 40,000 mark after adding 265.18 points and reached 40047.13 points level in early trading. The stocks gained another 470.54 points till midday to reach 40252.49 points level.
Last week, the market witnessed correction amidst rising tensions between Pakistan and India, which was further exacerbated by margin calls on leveraged positions. Overall, the benchmark, KSE-100 index, ended the week down by 582 points (-1.4 percent WoW) to close at 39,782 points as most retail investors (individuals: net sellers of $11 million during the outgoing week) booked profits post strong rally, especially in third tier stocks. Also, foreigners remained net sellers of around $16 million due to redemptions in frontier market funds and escalating tensions with India.
Of the key sectors, overall buzz remained concentrated in third tier scrips with average volumes and value increasing by 5.3 percent WoW and 25 percent WoW, respectively. Average daily volumes for the outgoing week increased 5 percent WoW to 728 million shares while average daily value rose 18 percent WoW to Rs17 billion/ $158 million during the week.
