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PSX recoups 411pts to reach 39789 level

byMatiur Rehman
06/09/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Tuesday recouped the previous losses and gained 410.86 points to reach 39688.97 points level at closing.

The stocks recorded the highest trading level of 39769.76 points and lowest level of 39250.16 points, with the volume of about 330.21 million shares and value of 14.05 billion. As many as 389 companies were active; of which 201 advanced, 165 declined and 23 remained unchanged.

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Byco Petroleum was the volume leader with 32.46 million shares, losing Rs 0.22 to finish at Rs 25.53. It was followed by WorldCall Telecom with 27.16 million shares, gaining Rs 1.88 to end at Rs 1.88 and Dewan Cements with 23.51 million shares, adding Rs 1.04 to close at Rs 23.14.

The top three gainers were Service Ind.Ltd with price per share of 1296.39 (61.73), Ghandhara Ind with price per share of 682.92 (32.52) and Highnoon (Lab) per share of 566.65 (20.43).

The top three losers were Rafhan MaizeXD with price per share of 7400 (-200), Unilever Foods with price per share of 5350 (-150) and Nestle PakistanXD per share of 7425 (-75).

Earlier, the Pakistan Stock Exchange witnessed slightly growth in early trading by adding just 21.08 points to reach 39299.19 points level.

On Monday, the stocks closed lower as there was a lack of triggers, while increased political tension dampened the investor sentiments. The Pakistan Stock Exchange’s (PSX) benchmark 100-share Index closed lower 0.47 percent or 186.54 points to 39,278.11 points. The highest index of the day remained at 39,596.02 points, while the lowest level of the day was recorded at 39,249.00 points. Turnover fell 77 million shares to 252.63 million shares. Trading value decreased to Rs9.94 billion as against Rs12.59 billion. Market capital fell to Rs7.92 trillion from Rs7.95 trillion. Out of 420 companies, 162 ended up, 242 closed down and 16 remained unchanged.

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