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Home Breaking News

Stocks start week positive, gain 361pts till midday

byMatiur Rehman
25/01/2016
in Breaking News, Latest News, Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Monday remained in positive zone and crossed the 31,000 mark, adding 360.63 points to reach 31309.66 points level till midday.

The stocks recorded the highest trading level of 31312.38 points and lowest level of 30949.03 points, with the volume of 70.46 million shares, having over Rs3.30 billion value. As many as 238 companies were active; of which 177 advanced, 55 declined and 6 remained unchanged.

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Transport was the top traded sectors with 27,848,600 volume, while technology & communication remained second with 23,404,500 volume.

The three top traded companies were Pace (Pak) Ltd with a volume of 8,551,500 and price per share of 6.52 (0.54), TRG Pak Ltd with a volume 6,898,000 of price per share of 27.64 (0.96), and Byco Petroleum with a volume 4,246,000 of price per share of 17.92 (0.65).

The top three gainers were Mari Petroleum with price per share 621 (23.67), Millat Tractors with price per share of 494.49 (13.93) and Attock Petrol price per share of 453.05 (13.09).

The top three losers were Ferozsons (Lab) with price per share of 1065 (-44.01), Khyber Tobacco with price per share of 364 (-18.39) and Sapphire Fiber per share of 600.01 (-14.99).

Last week, the benchmark KSE-100 index declined 0.2 percent to close at the 30,949 index level. Average daily volume increased 12 percent to 147.5mn shares and average daily value increased 10 percent to Rs8b/$76.3m. On a sector level, Travel & Leisure increased the most by 11.3 percent, followed by Oil & Gas and Forestry (Paper & Board) which increased by 5.7 percent and 3.0 percent, respectively. On the flipside, Life Insurance declined by 2.4 percent, Household Goods by 1.8 percent and Commercial Banks by 1.5 percent over the week.

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