KARACHI: The Pakistan Stock Exchange Wednesday increased by 36 per cent or 142.17 points to close at 39805.88 points level as bullish trend continued.
The stocks recorded the highest trading level of 39864.04 points and lowest level of 39663.71 points, with the volume of over 242.15 million shares, having about Rs 12.32 billion value. As many as 358 companies were active; of which 195 advanced, 138 declined and 25 remained unchanged.
Commercial banks were the top traded sector with 36,307,200 volume, while synthetic & rayin remained second with 28,388,500 volume.
Dewan Salman was the volume leader with 27.10 million shares, gaining Rs 0.59 to finish at Rs 3.37. It was followed by Engro Fert with 18.28 million shares, adding Rs 0.51 to adding at Rs 68.60 and NIB Bank Limited with 13.95 million shares, gaining Rs 0.05 to close at Rs 1.89.
The top three gainers were Unilever Foods with price per share 5344 (135.99), Abbott Lab with price per share of 828.57 (38.57) and Sapphire Fiber price per share of 555 (25).
The top three losers were Rafhan Maize with price per share of 7311 (-139.93), Nestle Pak with price per share of 7420 (-80) and Philip Morris Pak per share of 1470 (-69.05).
Earlier, the PSX opened keeping bullish note and added 175.80 points to reach 39839.51 points in early trading. The stocks remained bullish till midday as the benchmark 100-index gained 100.15 points and reached 39763.86 points level.
On Tuesday, the international crude prices surge led local oil stocks to gain as PSX shares index rallied 187.54 points (0.48 percent) to close at 39663.71 points. WTI traded comfortably around $43/barrel. All major players remained comfortable in the green zone, where top performers of the aforementioned sector today were OGDC (rose 1.35 percent) and POL (up 3.31 percent). Today’s traded volumes increased by 11 percent to reach 221 million while the value increased by 45 percent to Rs11.5 billion. KEL was the volume leader with 33mn shares traded, where as HBL gained by 1.7 percent contributing 44 points to the gain in index.