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Home Markets

PSX adds another 102pts till midday

byMatiur Rehman
01/04/2016
in Markets, Stock Exchange
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KARACHI: The bullish note continued till midday as Pakistan Stock Exchange (PSX) increased by 31 per cent or 102.09 points to reach 33241.09 points level on Friday.

The stocks recorded the highest trading level of 33271.02 points and lowest level of 33121.81 points, with the volume of 92 million shares, having about Rs4 billion value. As many as 263 companies were active; of which 145 advanced, 98 declined and 20 remained unchanged.

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Technology & communication was the top traded sector with 23,900,000 volume, while cement remained second with 16,262,800 volume.

The three top traded companies were TRG Pak Ltd with a volume of 22,030,000 and price per share of 29.85 (1.42), Jah.Sidd. Co with a volume 9,376,500 of price per share of 22.14 (1.05), Dewan Cement with a volume 8,616,500 of price per share of 13.68 (0.38).

The top three gainers were Shezan Inter with price per share 514.99 (23.78), Sanofi-Aventis with price per share of 500 (20) and Colgate Palmo price per share of 1490 (15).

The top three losers were Wyeth Pak Ltd XD with price per share of 1635 (-55), Bata (Pak)with price per share of 3450 (-48.34) and Sapphire Fiber per share of 536.70 (-28.20).

Earlier, the stocks started with bullish note and added 64.57 points to reach 33203.57 points level in early trading.

On Thursday, high trading in cement sector helped the stocks again breach the 33000-point barrier. The benchmark 100-share index posted a gain of 216.60 points to settle at 33,139 points. Some positivity was witnessed in the fertilizer sector. Star performer of the sector was ENGRO that increased 1.52%, brokers said. Traded volumes improved 41% to 163m shares and value increased 42% to Rs9.7b/$92.8m.

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