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PSX crosses 31,000 mark, adds 116 points to close at 31065

byMatiur Rehman
25/01/2016
in Markets, Stock Exchange
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KARACHI: Despite shedding some early gains, the Pakistan Stock Exchange benchmark KSE-100 index Monday crossed 31,000 mark and closed adding 116.10 points to reach 31065.13 points level.

The stocks recorded the highest trading level of 31322.59 points and lowest level of 30949.03 points, with the volume of 129.37 million shares, having over Rs6.50 billion value. As many as 317 companies were active; of which 167 advanced, 135 declined and 15 remained unchanged.

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The three top traded companies were TRG Pak Ltd with a volume of 12,302,500 and price per share of 27.24 (0.56), Pace (Pak) Ltd with a volume 10,160,500 of price per share of 6.40 (0.42), and Japan Power with a volume 8,445,000 of price per share of 3.75 (0.75).

The top three gainers were Bata (Pak) with price per share 3350 (50), Island Textile with price per share of 795 (35.85) and Shield Corp price per share of 532.35 (25.35).

The top three losers were Unilever Foods with price per share of 6000 (-200), Ferozsons (Lab) with price per share of 1053.56 (-55.45) and Murree Brewery per share of 820 (-33.12).

Earlier, the PSX remained in positive zone and added 360.63 points to reach 31309.66 points level till midday.

Last week, the benchmark KSE-100 index declined 0.2 percent to close at the 30,949 index level. Average daily volume increased 12 percent to 147.5mn shares and average daily value increased 10 percent to Rs8b/$76.3m. On a sector level, Travel & Leisure increased the most by 11.3 percent, followed by Oil & Gas and Forestry (Paper & Board) which increased by 5.7 percent and 3.0 percent, respectively. On the flipside, Life Insurance declined by 2.4 percent, Household Goods by 1.8 percent and Commercial Banks by 1.5 percent over the week.

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