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PSX gains 51pts to reach 31492 as bulls hit back

byMatiur Rehman
15/01/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Friday witnessed some fluctuation till midday, however, it remained in green zone as benchmark KSE-100 index added 51.44 points to reach 31492.46 points level.

The stocks recorded the highest trading level of 31637.22 points and lowest level of 31410.58 points, with the volume of 60,866,990 shares, having over Rs2.773 billion value. As many as 253 companies were active; of which 151 advanced, 89 declined and 13 remained unchanged.

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The three top traded companies were TRG Pak Ltd with a volume of 17,978,000 and price per share of 27.20 (-0.71), Pak Elektron with a volume 3,229,000 of price per share of 64.00 (0.94), and Telecard Limited with a volume 2,994,000 of price per share of 3.11 (0.51).

The top three gainers were Service Ind.Ltd with price per share 925 (35.50), Sapphire Fiber with price per share of 701 (31) and Atlas Battery price per share of 740 (18).

The top three losers were Pak Tobacco with price per share of 1105.35 (-58.17), Pak Services with price per share of 500 (-24) and Shifa Int.Hosp per share of 285 (-11).

Earlier, in a bid to recoup some overnight losses, the PSX opened gaining 66.17 points and reach 31507.19 points level.

On Thursday, the PSX witnessed panic selling amid higher trades after major sell-off in global equities and slump in WTI crude prices. The benchmark KSE 100-share index posted a fresh loss of 713.15 points (down 2.22%) and concludes at 31,441.02 points. Traded volume increased by 65% to 190m shares while traded value increased by 43% to Rs9.7b/$91m. Out of total 348 traded companies in the session, 290 closed in red, 40 in green while 18 remained unchanged.

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