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Bull-run continues till midday as PSX adds another 105pts

byMatiur Rehman
15/04/2016
in Markets, Stock Exchange
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KARACHI: The bullish noted continued till midday at the Pakistan Stock Exchange as benchmark 100-index gained another 104.70 points to reach 33872.29 points level.

The stocks recorded the highest trading level of 33917.46 points and lowest level of 33767.59 points, with the volume of 83 million shares, having about Rs4.45 billion value. As many as 279 companies were active; of which 165 advanced, 93 declined and 21 remained unchanged.

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Refinery was the top traded sector with 31,094,500 volume, while commercial banks remained second with 10,601,300 volume.

The three top traded companies were Byco Petroleum with a volume of 21,683,000 and price per share of 21.18 (0.98), Pak Refinery with a volume 7,327,000 of price per share of 47.10 (2.20), Descon Chemical with a volume 6,531,500 of price per share of 7.92 (0.28).

The top three gainers were Philip Morris Pak. with price per share 1705.72 (81.22), Sapphire Fiber with price per share of 597.75 (27.75) and Exide (PAK) price per share of 699 (19).

The top three losers were Sapphire Tex with price per share of 684.51 (-36.02), Shield Corp with price per share of 560.50 (-29.49) and Pak TobaccoXD per share of 1100 (-29.35).

Earlier, the stocks started the last trading day with positive note and gained 149 points to reach 33916.75 points level.

On Thursday, the PSX increased by 0.36 percent, or 121.49 points to close at 33,767.59 points. Turnover increased one million shares to 188.78 million shares, while trading value rose to Rs9.29billion. The market capital remained flat at Rs6.99 trillion. Of a total of 335 companies, 205 closed up, 114 ended down, and 16 remained unchanged. Highest increase was recorded in shares of Unilever Foods XD by Rs75 to Rs5,325/share followed by Siemens Pak that rose Rs33.85 to Rs833.85/share. Major decrease was recorded in shares of Philip Morris Pak by Rs85.50 to Rs1,624.50/share followed by Pak Tobacco XD that fell by Rs59.40 to Rs1,129.35/share. TRG Pak Ltd remained the volume leader with 33.34 million shares with a decline of 67 paisas to Rs33.74/share.

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