KARACHI: The Pakistan Stock Exchange (PSX) Thursday witnessed fluctuation in trading but remained green as the benchmark 100-index gained 45.23 points to reach 40498.87 level.
The stocks recorded the highest trading level of 40842.25 points and lowest level of 40353.48 points, with the volume of 116.55 million shares and value of Rs6.76 billion. As many as 354 companies were active; of which 104 advanced, 229 declined and 21 remained unchanged.
Pak Elektron was the volume leader with 9.96 million shares, shedding Rs2.60 to reach Rs56.12. It was followed by TRG Pak Ltd with 9.41 million shares, losing Rs1.54 to end at Rs31.66 and Azgard Nine with 7.92 million shares, dropping Rs0.88 to close at Rs12.24.
The top three gainers were Atlas Honda Ltd with price per share of 561.06 (26.71), Mari Petroleum with price per share of 1545.43 (24.33) and Mehmood Tex of 352.65 (16.75).
The top three losers were Khyber Tobacco with price per share of 1466.12 (-77.16), Pak Tobacco with price per share of 1400.07 (-73.68) and Bata (Pak) share of 2599.38 (-50.62).
The stocks opened keeping previous day’s positive note and gained 18 points to 40472 points level in early trading. The PSX remained bullish till midday as the benchmark 100-index 389 points to take the tally to 40842 level.
Yesterday, the bulls returned to the PSX as the KSE 100-index went up by 836 points and closed at 40,453 points.
Top 5 index point contributors were OGDC (up 3.6%), PPL (3.5%), MCB (3.6%), HBL (2.2%) & POL (4%), adding 298 points, while top 5 index laggards were PAKT (down 4.9%), COLG (4.1%), ABOT (1.3%), PAEL (0.5%) & IGIIL (0.6%), withholding 35 points.
Oil and power sector stocks outperformed amid surging global crude oil prices on likely extension on OPEC output cut, revision in local POL prices and London Court award of Rs14 billion to few IPPS listed on PSX in dispute with NTDC. Volumes were down 16% d/d at 117m shares, while value traded declined 26% at Rs7b/$65m.
