KARACHI: The Pakistan Stock Exchange (PSX) remained bullish till midday and gained 238.22 points to reach 32861.24 points level on Wednesday.
The stocks recorded the highest trading level of 32897.33 points and lowest level of 32623.02 points, with the volume of 92.4 million shares, having about Rs4.55 billion value. As many as 263 companies were active; of which 154 advanced, 93 declined and 16 remained unchanged.
Commercial banks was the top traded sector with 28,72,900 volume, while cement remained second with 22,793,000 volume.
The three top traded companies were NIB Bank Limited with a volume of 24,635,500 and price per share of 2.18 (-0.20), Fauji Cement XD with a volume 7,809,500 of price per share of 41.30 (1.11), K-Electric Ltd with a volume 5,945,500 of price per share of 7.09 (0.05).
The top three gainers were Service Ind.Ltd with price per share 879 (29), Pak Tobacco with price per share of 1200 (22.50) and Indus Motor Co XD price per share of 995 (22.25).
The top three losers were Sapphire Fiber with price per share of 590 (-26.45), Shezan Inter with price per share of 440 (-19.99) and JDW Sugar per share of 380 (-9.99).
Earlier, the Pakistan Stock Exchange (PSX) regained the overnight losses and added 106.37 points to reach 32729.39 points level in early trading.
On Tuesday, the sentiments remained weak all day long as the indexes remained in the red most of the day. The KSE-100 index scrapped off 115.54 points to touch 32,623.02. The advancers to decliner’s ratio stood at 108 to 181. The volumes jumped to 204.126 million from Monday’s 131.589 million. The commercial bank sector was traded the most and 87.65 million shares were exchanged during the day. Almost 86% of the total volume constituted of NIB Bank Limited (NIB 10.23%). The bank rallied after a notice to the exchange informed investors that the bank is in talks with MCB Bank Limited (MCB +0.64%), second largest market cap bank, for a potential acquisition or merger.