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Stocks remain upbeat till midday as 100-index adds 205pts

byMatiur Rehman
22/01/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Friday continued the upward momentum of earlier trading and gained 205.23 points to reach 30957.03 points level till midday.

The stocks recorded the highest trading level of 30998.32 points and lowest level of 30751.80 points, with the volume of 82.4 million shares, having over Rs4.26 billion value. As many as 255 companies were active; of which 160 advanced, 83 declined and 12 remained unchanged.

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Transport was the top traded sectors with 21,374,000 volume, while oil & gas exploration companies remained second with 7,734,450 volume.

The three top traded companies were P.I.A.C.(A) with a volume of 21,192,000 and price per share of 8.41 (0.93), TRG Pak Ltd with a volume 7,565,500 of price per share of 25.14 (-0.35), and Byco Petroleum with a volume 4,980,000 of price per share of 16.93 (0.56).

The top three gainers were Island Textile with price per share 759.15 (36.15), Ferozsons (Lab) with price per share of 1095 (30.33) and Attock Petrol price per share of 445 (18.00).

The top three losers were Ghandhara Ind with price per share of 408.87 (-21.51), Noon Pakistan with price per share of 690 (-15) and Biafo Ind per share of 262 (-10.58).

Earlier, the benchmark KSE-100 index started positive with 169.57 points to reach 30921.37 points level.

On Thursday, the stocks conceded another 14.21 points to close at 30751.80 points. Traded volume increased by 18.8% to 136m shares compared to 106m shares of Wednesday while traded value increased by 8.5% to Rs7.6b/$75m. Of total 330 traded companies in session, 162 concluded in advance, 142 in decline while 26 went unchanged.

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