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PSX witnesses fluctuation, closes positive

byMatiur Rehman
06/02/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange witnessed fluctuation in trading but closed positive after gaining 74.21 points level to take the tally to 49630.04 points level on Monday.

The stocks recorded the highest trading level of 49739.89 points and lowest level of 49534.07 points, with the volume of over 281.49 million shares and value of Rs 13.05 billion. As many as 402 companies were active; of which 168 advanced, 205 declined and 29 remained unchanged.

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Lotte Chemical was the volume leader with 42.74 million shares, adding Rs 1.00 to finish at Rs 10.45. It was followed by TRG Pak Ltd with 28.34 million shares, adding Rs 2.45 to end at Rs 61.21 and K-Electric with 17.51 million shares, shedding Rs -0.06 to close at Rs 10.46.

The top three gainers were Sanofi-Aventis with price per share of 2645.86 (125.99), Unilever Foods with price per share of 5800 (75) and Wyeth Pak Ltd share of 4673.40 (73.40).

The top three losers were Archroma Pak with price per share of 694.81 (-36.34), Thal Ind.Corp with price per share of 574.75 (-30.25) and Shield Corp per share of 504.83 (-26.57).

Earlier, the stocks opened positive on the first trading day of the week and added 103.41 points to reach 49659.24 points level in early trading. The upward rally continued at the Pakistan Stock Exchange till midday as the benchmark 100-index gained 150 points to reach 49705.87 points level.

On Friday, dull session was witnessed at the PSX amid institutional profit-taking, resultantly the shares index declined by 110 points or (0.22%) to close at 49,556 level. Volatility prevailed in the market as the index traded between an intraday high of 114 points and intraday low of 235 points to finally close at 49,556 level. KEL (rose 1.06%) was the volume leader with more than 46 million shares traded. Overall, volumes decreased by 24 percent to 338 million shares, while value also declined by Rs18.6 billion.

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