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PSX gains 129.49pts to close at 41253.46 level as bull-run continues

byMatiur Rehman
05/10/2016
in Markets, Stock Exchange
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KARACHI: Despite shedding some early gains, the Pakistan Stock Exchange closed positive after gaining 129.49 points to reach 41253.46 points level on Wednesday.

The stocks recorded the highest trading level of 41425.09 points and lowest level of 41123.97 points, with the volume of about 657.86 million shares and value of 18 billion. As many as 419 companies were active; of which 269 advanced, 132 declined and 18 remained unchanged.

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Lotte Chemical was the volume leader with 42.23 million shares, gaining Rs 0.99 to finish at Rs 9.04. It was followed by BO Punjab with 41.57 million shares, adding Rs 0.91 to end at Rs 16.01 and PIAC (A) with 39.82 million shares, gaining Rs 0.24 to close at Rs 9.79.

The top three gainers were Rafhan Maize with price per share of 7677.31 (327.31), Wyeth Pak Ltd with price per share of 2662.53 (126.78) and Hinopak Motor share of 1664.46 (79.26).

The top three losers were Nestle Pakistan with price per share of 7600 (-75), Khyber Tobacco with price per share of 889.18 (-40.82) and Shezan Inter per share of 482 (-17).

Earlier, the stocks gained 230.25 points to take the tally to another record level of 41354.22 points in early trading. The Pakistan Stock Exchange added 294 points to reach the historic stage of 41418.25 points level till midday.

On Tuesday, bull-run continued at the Pakistan Stock Exchange as the 100-share index reached yet another high. Crossing the psychological barrier of 41,000 points for the first time ever, the index closed at 41,123.97 points after gaining 137.66 points. HABSM and FRSM were top performers of the aforementioned sector, as they gained to close on their respective upper circuits. DGKC (down 1.39%) and FCCL (1.93%) were major losers of the aforementioned sector. Volumes decreased by 1.6% to 560m shares while value decreased by 1.1% to Rs17.3b/$166m.

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