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PSX sheds some early gains, remains in green zone till midday

byMatiur Rehman
08/04/2016
in Markets, Stock Exchange
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KARACHI: Despite losing some early gains, the Pakistan Stock Exchange (PSX) remained in green zone and added 28.73 points to reach 33924.76 points level till midday.

The stocks recorded the highest trading level of 33972.69 points and lowest level of 33875.62 points, with the volume of 97 million shares, having about Rs3.6 billion value. As many as 274 companies were active; of which 134 advanced, 127 declined and 13 remained unchanged.

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Technology & communication was the top traded sector with 29,349,100 volume, while chemical remained second with 21,640,400 volume.

The three top traded companies were TRG Pak Ltd with a volume of 7,029,000 and price per share of 32.48 (-0.10), Descon Oxychem with a volume 6,857,500 of price per share of 5.99 (0.52), Hum Network with a volume 6,604,500 of price per share of 10.55 (0.44).

The top three gainers were Wyeth Pak Ltd XD with price per share 1600 (32.40), Bhanero Tex with price per share of 649.95 (25.45) and ICI Pakistan XD price per share of 435.50 (15.21).

The top three losers were Unilever Foods SPOT with price per share of 5216 (-245), Indus Dyeing with price per share of 760 (-40) and Sapphire Tex per share of 722 (-38).

Earlier, the stocks opened recouping the overnight losses and gained 70.73 points to reach 33966.76 points level in early trading.

On Thursday, the Pakistan Stock Exchange’s benchmark KSE-100 index fell 0.15% or 50.34 points to end at 33,896.03. Trade volumes fell to 261 million shares compared with Thursday’s tally of 298 million. Shares of 364 companies were traded. At the end of the day, 189 stocks closed higher, 156 declined while 19 remained unchanged. The value of shares traded during the day was Rs8.6 billion. Dewan Cement was the volume leader with 23.8 million shares, gaining Rs0.46 to finish at Rs15.98. It was followed by Pakistan International Airlines with 14.6 million shares, gaining Rs0.42 to close at Rs8.65 and Byco with 13.8 million shares, gaining Rs0.43 to close at Rs18.74.

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