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Home Markets

PSX closes flat over volatility

byMatiur Rehman
15/04/2016
in Markets, Stock Exchange
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KARACHI: Opened with bullish note, the Pakistan Stock Exchange closed flat over volatility as benchmark 100-index dropped .47 points to reach 338767.12 points level.

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The stocks recorded the highest trading level of 33917.46 points and lowest level of 33767.59 points, with the volume of 194 million shares, having about Rs8.4 billion value. As many as 333 companies were active; of which 169 advanced, 143 declined and 21 remained unchanged.

Refinery was the top traded sector with 38,498,200 volume, while cement remained second with 16,974,300 volume.

The three top traded companies were Byco Petroleum with a volume of 26,429,000 and price per share of 20.68 (0.48), Descon Chemical with a volume 13,838,500 of price per share of 8.10 (0.46), TRG Pak Ltd with a volume 10,030,000 of price per share of 33.58 (-0.16).

The top three gainers were Rafhan Maize XD with price per share 8137.50 (387.50), Colgate Palmo with price per share of 1575 (75) and Bata (Pak)XD price per share of 3400 (45).

The top three losers were Shield Corp with price per share of 560.50 (560.50), Pak TobaccoXD with price per share of 1100 (-29.35) and Murree Brewery per share of 708.93 (-10.06).

Earlier, the stocks started the last trading day with positive note and gained 149 points to reach 33916.75 points level. The bullish noted continued till midday at the PSE as benchmark 100-index gained another 104.70 points to reach 33872.29 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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