KARACHI: The Pakistan Stock Exchange Wednesday bounced back after witnessing some loss in early trading and added 111.79 points to reach 40406.17 points level till midday.
Earlier, the PSX became bearish soon after positive opening as benchmark 100-index shed 55.43 points to drop to 40238.95 points level in early trading.
On Tuesday, the 100-share index gained 73.62 points (up 0.18%) and closed at 40,294 points level. The automobile sector rallied on the back of depreciating Yen. Top performers of the sector were PSMC (up 5.00%) and INDU (1.34%).
SEARL (up 1.58%) and SAPL (5%) were the biggest index movers from the sector. IBLHL (up 5.00%) announced its FY16 result clocking in DPS of 10% and EPS of Rs4.24/share. Volumes increased by 18% to 573m shares while value also increased by 22% to Rs14.4b/$138m.
Above average volume was observed in BOP on the hope of better result as 86m shares were traded while gaining by 6%. On Wednesday, until mid day, KSE-100 Index was at 40427.48 with a positive change of 133.10 and volume of 114,258,240 shares.
High and Low were 40427.48 and 40207.26 respectively. Total volume traded in the market was 247,141,670 shares with 326 total traded companies out of which 157 were up, 157 were down and 12 were unchanged.
Technology & Communication was the top traded sector with total traded volume of 71,617,500 shares. It was followed by COMMERCIAL BANKS with a total traded volume of 40,566,400 shares.
The three top traded companies were TRG Pak Ltd with a volume of 45,035,000 and price per share of 43.95 (1.88), B.O.Punjab with a volume 24,461,000 of price per share of 13.45 (0.38), Sui South Gas with a volume 10,958,000 of price per share of 39.97 (1.18).
The top three advancers were Indus Motor CoXD with price per share 1398.91 (66.61), Sanofi-Aventis with price per share of 1148.85 (54.70) and Hinopak Motor share of 1300.00 (53.13).
The top three decliners were Rafhan Maize with price per share of 7100.00 (250.00), Otsuka Pak with price per share of 145.31 (7.64) and Service Ind.LtdXD per share of 1289.00 (6.59).
