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Home Markets

PSX closes negative over institutional profit-taking

byMatiur Rehman
04/03/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Friday observed institutional profit-taking after two strong sessions, consequently the shares index closed 72 points down or (0.15%) at around 49,623 level.

The stocks recorded the highest trading level of 49894.52 points and lowest level of 49564.08 points, with the volume of over 392 million shares and value of Rs17.2 billion. As many as 383 companies were active; of which 150 advanced, 219 declined and 14 remained unchanged.

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Lotte Chemical was the volume leader with 60.19 million shares, adding Rs 0.44 to finish at Rs 12.26. It was followed by Azgard Nine with 37.61 million shares, gaining Rs 1 to end at Rs 10.92 and Silk Bank Ltd with 33.74 million shares, adding Rs 0.22 to close at Rs 1.88.

The top three gainers were Colgate Palmolive with price per share of 2024.58 (94.58), Sapphire Fiber with price per share of 997.55 (47.50) and Indus Dyeing share of 801.56 (31.56).

The top three losers were Indus Wyeth Pak Ltd with price per share of 3258.03 (-171.47), Nestle Pakistan with price per share of 9011 (-144) and Rafhan Maiz per share of 7600 (-100).

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