KARACHI: The Pakistan Stock Exchange Friday witnessed a bullish day as benchmark 100-index gained 153.29 points to take the tally to 36694.26 points level at closing.
The stocks recorded the highest trading level of 36776.52 points and lowest level of 36531.41 points, with the volume of about 200 million shares, having over Rs 9.4 billion value. As many as 362 companies were active; of which 186 advanced, 156 declined and 20 remained unchanged.
Power generation & distribution was the top traded sector with 28,295,500 volume, while technology & communication remained second with 18,161,500 volume.
The three top traded companies were K-Electric Ltd with a volume of 17,815,500 and price per share of 7.74 (-0.20), Byco Petroleum with a volume 13,801,000 of price per share of 22.85 (-0.03), TRG Pak Ltd with a volume 12,684,000 of price per share of 37.70 (0.79).
The top three gainers were Pak Services with price per share 551.25 (26.25), Colgate Palmo with price per share of 1525 (25) and Sanofi-Aventis price per share of 560 (22.70).
The top three losers were Nestle Pak XD with price per share of 7300 (-50), Pak Tobacco with price per share of 1090 (-14.17) and Shezan Inter per share of 442 (-14).
Earlier, the Pakistan Stock Exchange opened with positive note and added 144 point to reach 36684.97 points in early trading. Till midday, the stocks observed positive trend as benchmark 100-index added 156.04 points to reach 36697.01 points level.
On Thursday, after witnessing two bearish sessions, Pakistan Stock Exchange staged rebound as the benchmark 100-share index rose by 41.54 points (up 0.11%) to close at 36,540.97 points.
Volatility prevailed in yesterday’s session as the index made an intra-day high of 184 points and a low of 37 points. EFOODS (up 4.08%) and ENGRO (1.54%) were the major index movers. On the other hand, the banking sector remained under pressure on the back of SBP’s cut in policy rate to 5.75% to boost growth. Top laggards of the aforementioned sector were MCB (down 0.9%) and HBL (0.5%). Volume decreased 21% to 212m shares compared to 269m shares of the previous day, while traded value was up by 7% to Rs 9.7b.
