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PSX crosses 46,000 mark after gaining 327pts

byMatiur Rehman
14/12/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Wednesday crossed another milestone and crossed the psychological barrier of 46,000 after gaining 327.38 points to take the tally to record level of 46185.27 points at closing.

The stocks recorded the highest trading level of 46268.44 points and lowest level of 45602.64points, with the volume of over 360.77 million shares and value of Rs 18.97 billion. As many as 405 companies were active; of which 158 advanced, 232 declined and 15 remained unchanged.

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Dolmen City Reit was the volume leader with 30.79 million shares, adding Rs 0.05 to finish at Rs 11. It was followed by TRG Pak Ltd with 29.69 million shares, gaining Rs 2.15 to end at Rs 45.62 and BoP with 17.15 million shares, adding Rs 0.17 to close at Rs 17.04.

The top three gainers were Wyeth Pak Ltd with price per share of 4784.10 (81.77), Philip Morris Pak with price per share of 2400 (73.79) and Mari Petroleum share of 1373.05 (65.38).

The top three losers were Indus Motor Co with price per share of 1587.28 (-22.57), Ismail Ind with price per share of 371 (-18.98) and Shield Corp per share of 505 (-17.40).

Earlier, the stocks opened negative shedding 153 points to drop to 45704.95 points level in early trading. The PSX recouped the early losses till midday after adding 119 points to reach 45976.63 points level.

On Tuesday, the PSX set a new record as the 100-share index closed at a record high of 45,858 points after rallying by 460.77 points. OGDC, PPL and POL contributed 207 points to the gain in index. Overall, volumes decreased by 5.8% to 383m shares, while value remained flat at Rs22b/$208m.

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