PSX crosses level of 48,000 on first trading day of 2017, gains 433pts

KARACHI - The Pakistan Stock Exchange Monday crossed level of 48,000 points after adding 433.31 points to take the tally to 48240.28 points.

The stocks recorded the highest trading level of 48357.57 points and lowest level of 47806.97 points, with the volume of over 376 million shares and value of Rs 18.75 billion. As many as 405 companies were active; of which 244 advanced, 143 declined and 18 remained unchanged.

K-Electric Ltd remained volume leader with 43.80 million shares, gaining Rs 0.15 to finish at Rs 9.52. It was followed by Dost Steels Ltd with 31.52 million shares, adding Rs 1.00 to end at Rs 13.12W and Summit Bank with 23.10 million shares, gaining Rs 0.53 to close at Rs 4.93.

The top three gainers were Wyeth Pak Ltd with price per share of 4905.25 (183.50), Nestle Pakistan with price per share of 9137.50 (137.50) and Sanofi-Aventis share of 2959.71 (103.28).

The top three losers were Rafhan Maize with price per share of 8499.99 (-264.37), Bhanero Tex with price per share of 760 (-30) and Service Ind Ltd per share of 1477.60 (-19.51).