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PSX takes rollercoaster ride but remains in green zone till midday

byMatiur Rehman
30/03/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) lost most of the early gains, but remained in green zone with 19.86 points surge to reach 32899.53 points level till midday on Wednesday.

The stocks recorded the highest trading level of 32998.54 points and lowest level of 32863.62 points, with the volume of 65.61 million shares, having about Rs3.20 billion value. As many as 272 companies were active; of which 155 advanced, 98 declined and 19 remained unchanged.

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Oil & gas marketing companies was the top traded sector with 9,562,100 volume, while technology & communication remained second with 6,043,000 volume.

The three top traded companies were Sui North Gas with a volume of 12,561,000 and price per share of 26.01 (0.53), TRG Pak Ltd with a volume 6,331,500 of price per share of 27.77 (-0.05), TPL Trakker Ltd with a volume 4,130,500 of price per share of 13.42 (0.28).

The top three gainers were Philip Morris Pak with price per share 1764.90 (64.90), Bhanero Tex with price per share of 577.60 (27.45) and Shezan Inter price per share of 486.98 (22.32).

The top three losers were Rafhan Maize XD with price per share of 7155 (-340), Service Ind.Ltd with price per share of 850 (-12.01) and Hinopak Motor per share of 971 (-9.11).

Earlier, the stocks opened recouping the previous losses and gained 115.12 points to reach 32994.79 points in early trading.

On Tuesday, the Pakistan Stock Exchange closed bearish after slump in crude prices and global equities. The benchmark KSE 100-index lost gains from early hours of trading, when it touched 33,000 index level, to close down 24 points at 32,879.67 points, brokers said. Volumes picked up, increasing 51% to 130.5m shares. Traded value followed suit and rose 25% to Rs5.7b/$54.4m. Total 342 active companies participated in the session, of which 164 closed in decline, 155 in advance while 23 remained unchanged.

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