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PSX closes week on positive note, recoups 685pts
A man takes a nap on a couch under an electronic board displaying share prices during trading session at the Karachi Stock Exchange April 2, 2014. REUTERS/Akhtar Soomro/File Photo

PSX closes week on positive note, recoups 685pts

KARACHI: The Pakistan Stock Exchange Friday bounced back with 684.75 points gain and reached 43627.10 points level at closing.

The stocks recorded the highest trading level of 43691.28 points and lowest level of 42916.87 points, with the volume of over 148 million shares and value of Rs5.8 billion. As many as 364 companies were active; of which 243 advanced, 96 declined and 25 remained unchanged.

TRG Pak Ltd was the volume leader with 13.79 million shares, gaining Rs 0.89 to finish at Rs36.44. It was followed by Azgard Nine with 11.26 million shares, adding Rs0.68 to end at Rs11.26 and Pak Stock Exchange with 24.80 million shares, gaining Rs 0.27 to close at Rs5.71.

The top three gainers were Nestle Pakistan with price per share of 11475 (464.99), Unilever Foods with price per share of 8500 (200) and United Brands share of 560.98 (24.55).

The top three losers were Rafhan Maize with price per share of 7200 (-100), Shezan Inter with price per share of 509.92 (-26.83) and Khyber Tobacco per share of 663.28 (-19.39).

The stocks started last trading day on positive note and gained 159 points in early trading to reach 43101 level. The PSX remains bullish till midday after adding 233 points to take the tally to 43175 points level.

Yesterday, the stocks closed negative for the second consecutive session, with the KSE 100-sahre index shedding 411 points to close 42,942 points. However, volumes settled at 220 million shares, up 6 percent from Wednesday’s closing.

Top 10 index point decliners were LUCK (-2.3 percent), DAWH (-3.0 percent), HUBC (-1.9 percent), POL (-2.1 percent), NESTLE (-4.3 percent), PPL (-1.1 percent), SEARL (-3.7 percent), FFC (-1.6 percent), SNGP (-2.7 percent) & TRG (-5 percent), withholding 240pts.

Sector-wise data suggests that fertilizer sector eroded 75 points from the index, followed by cement and oil & gas marketing that cumulatively took away 126 index points.