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PSX bounces back with 442.37pts to take tally to 41401 level

PSX bounces back with 442.37pts to take tally to 41401 level

KARACHI: The Pakistan Stock Exchange (PSX) Friday bounced back with 442.37 points to take the tally to 41401.02 points level.

The stocks recorded the highest trading level of 41635.74 points and lowest level of 40958.65 points, with the volume of over 193.39 million shares and value of Rs12.49 billion. As many as 357 companies were active; of which 233 advanced, 103 declined and 21 remained unchanged.

TRG Pak Ltd was the volume leader with 18.30 million shares, adding Rs1.23 to reach Rs39.80. It was followed by BoP with 14.02 million shares, gaining Rs14.02 to end at Rs10.18 and Azgard Nine with 13.19 million shares, adding Rs0.93 to close at Rs14.49.

The top three gainers were Nestle Pakistan with price per share of 11674.93 (555.94), Bata (Pak) with price per share of 2991.45 (142.45) and Colgate Palmolive of 2399 (98.93).

The top three losers were Rafhan Maize with price per share of 7070 (-279.34), Unilever Foods with price per share of 6375 (-125) and Faisal Spinning share of 356 (-18.76).

Earlier, the PSX started last day of trading week on positive note and gained massive 671 points to reach 41630 points level in early trading. The PSX remained bullish till midday as the benchmark 100-index gained 400 points to reach 41359 points level.

On Thursday, the stocks continued its downward trajectory due to panic selling, shedding another 431 points and closing at 40958.65 points. Last time, when the index closed below 41,000 points mark was 215 sessions/10 months ago in October 2016.

HBL (down 4.6%), SNGP (4.7%), FFC (2.4%), BAHL (2.6%) & NBP (3.4%) withheld 221 points, while ENGRO (up 2.5%), UBL (1.1%), PPL (0.5%), TRG (3.6%) & MCB (up 0.4%) added 93 points. Volumes remained steady at 147 million shares, whereas traded value also remained same Rs8.5b. TRG from the tech sector again led the market volume with 16 million shares being traded in yesterday’s trading session.