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Home Markets

PSX closes buoyant as 100-index surges by 207pts

byMatiur Rehman
12/04/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Tuesday recouped with 207.19 points to take the tally to 48457.26 points level at closing.

The stocks recorded the highest trading level of 48518.11 points and lowest level of 48250.07 points, with the volume of over 217.81 million shares and value of Rs11.24 billion. As many as 383 companies were active; of which 211 advanced, 151 declined and 21 remained unchanged.

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Aisha Steel Mill was the volume leader with 23.60 million shares, adding Rs 1.02 to finish at Rs 25.34. It was followed by TRG Pak Ltd with 17.04 million shares, gaining Rs 0.91 to end at Rs 52.94 and Engro Polymer with 12.92 million shares, adding Rs 0.55 to close at Rs 26.54.

The top three gainers were Philip Morris Pak with price per share of 2600 (116.99), Unilever Foods with price per share of 6200 (100) and Sapphire Tex share of 1258.65 (59.94).

The top three losers were Rafhan Maize with price per share of 7050 (-150), Colgate Palmolive with price per share of 2050 (-25) and Atlas Battery per share of 938 (-16.99).

Earlier, the stocks opened keeping previous day’s positive note and gained 204 points to reach 48454 points level in early trading. The upward rally continued at the PSX as the benchmark 100-index added 164 points to reach 48414 points level till midday.

On Tuesday, the stocks continued to make gains amidst tight volumes with PSX shares index gaining 307 points (0.64%) to breach the 48,000 points barrier and close at 48,250.07 level.

Volumes were led by Azgard Nine with 14.8 million shares traded, Dewan Cement with 14.13 million shares traded and TRG Pak Ltd with 12.7 million shares traded remained in spotlight in the market. Market participation ticked-up from Monday’s lows with volume increasing 12 percent to 147 million shares, however traded value stagnated (-0.3pc) at Rs7.6 billion.

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