KARACHI: The Pakistan Stock Exchange (PSX) Monday increased by 1.07 per cent or 358.80 points to reach 33808.40 points level at closing.
The stocks recorded the highest trading level of 33829.32 points and lowest level of 33372.62 points, with the volume of 292.27 million shares, having about Rs11.6 billion value. As many as 340 companies were active; of which 214 advanced, 107 declined and 19 remained unchanged.
Cement was the top traded sector with 49,346,400 volume, while power generation & distribution remained second with 34,014,800 volume.
The three top traded companies were K-Electric Ltd with a volume of 31,660,000 and price per share of 7.21 (0.07), Dewan Cement with a volume 20,380,000 of price per share of 15.08 (1.00), Jah.Sidd. Co. with a volume 18,899,500 of price per share of 22.84 (0.70).
The top three gainers were Nestle Pak with price per share 7339 (339), Rafhan Maize XD with price per share of 7700 (201) and Sapphire Fiber price per share of 579.80 (26.90).
The top three losers were Unilever Foods with price per share of 5400 (-123), Pak Tobacco with price per share of 1273 (-67) and Sunrays Textile per share of 408.50 (-21.50).
Earlier, the bullish trend started new trading week on Monday as the Pakistan Stock Exchange (PSX) added 59.61 points to reach 33509.23 points in early trading. The bullish trend continued till midday as the PSX increased by 0.66 per cent or 220.32 points to reach 33669.94 points level.
On Friday, the PSX closed bullish after investors cheered MSCI statement of seeking feedback on reclassifying stocks to emerging market status. The benchmark KSE 100-index rallied by 310.62 points to close at 33,449.62 points. Investor interest was seen in the cement sector as the current government showed its preference towards infrastructure development, as it released Rs387 billion for development projects and Planning Commission proposed Rs1 trillion PSDP allocation in the upcoming budget. Volumes increased 25% to 204m shares while value remained flat at Rs9.7b/$92m.
