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PSX adds huge 615pts to take tally to 42524 level on last trading day

PSX adds huge 615pts to take tally to 42524 level on last trading day

KARACHI: The Pakistan Stock Exchange (PSX) Friday witnessed a bearish day as the benchmark 100-index added huge 615.28 points to take the tally to 42523.99 level.

The stocks recorded the highest trading level of 42584.96 points and lowest level of 41821.85 points, with the volume of 261 million shares and value of Rs9.50 billion. As many as 377 companies were active; of which 270 advanced, 85 declined and 22 remained unchanged.

BoP was the volume leader with 18.05 million shares, adding Rs0.71 to reach Rs9.51. It was followed by WorldCall Telecom with 11.93 million shares, gaining Rs0.01 to end at Rs2.96 and K-Electric Ltd with 11.51 million shares, shedding Rs0.09 to close at Rs6.86.

The top three gainers were Nestle Pakistan with price per share of 11700 (510), Wyeth Pak Ltd with price per share of 1517.21 (72.24) and Sanofi-Aventis Ins of 1498.29 (71.34).

The top three losers were Shezan Inter with price per share of 492.10 (-25.90), K.S.B. Pumps with price per share of 319.49 (-16.51) and Gillette Pak share of 275.50 (-14.50).

The stocks continued its upward rally on the last trading day as the benchmark 100-index gained 180 points to reach 42089 level in early trading. The PSX remained bullish after adding 320 points to take the tally to 42229 level till midday.

Yesterday, bulls took centre stage at the PSX for 11th consecutive session on the back of prevailing positive momentum and higher oil prices, which led the market to gain another 364 points and close at 41908.71 points.

Market opened positive and touched a high of 451 points as institutional participation was witnessed mainly in the main board stocks. Market remained positive throughout the day and closed in green zone.

Top 5 index point contributors were UBL (up 4.3%), HBL (2.1%), LUCK (2.8%), OGDC (1.2%) & SEARL (5%) that contributed 233 points to the index gain whereas decliners included COLG (down 4.7%), SNGP (2.1%), DGKC (0.9%), CHCC (2%) and BAHL (0.5%), withholding 41 points from the index.

Sector-wise, commercial banks added 155 points and E&Ps 36 points while oil & gas marketing withheld 20 points. Overall volumes stood at 222m shares and in value trades stood at $78m.