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Home / Markets / PSX witnesses bullish day, adds 388.69pts
PSX witnesses bullish day, adds 388.69pts

PSX witnesses bullish day, adds 388.69pts

KARACHI: The Pakistan Stocks Exchanged (PSX) Tuesday witnessed a bullish day as the benchmark 100-index gained 388.69 points to take the tally to 45917.90 points level at closing.

The stocks recorded the highest trading level of 45939.56 points and lowest level of 45499.23 points, with the volume of about 223.58 million shares and value of Rs10.15 billion. As many as 372 companies were active; of which 259 advanced, 101 declined and 12 remained unchanged.

TRG Pak Ltd was the volume leader with 16.46 million shares, adding Rs0.54 to reach Rs40.45. It was followed by Azgard Nine with 13.94 million shares, gaining Rs0.58 to end at Rs13.55 and Engro Polymer with 13.90 million shares, adding Rs1.34 to close at Rs37.79.

The top three gainers were Philip Morris Pak with price per share of 2888 (133), Jubile Life Ins with price per share of 844.25 (37.92) and Archroma Pak of 735.87 (27.87).

The top three losers were Khyber Tobacco with price per share of 798 (-41.99), Wyeth Pak Ltd with price per share of 2461.24 (-22.62) and Abbott Lab share of 878.90 (-21.09).

Earlier, the PSX opened on positive note as the benchmark 100-index gained 126 points to reach 45655 points level in early trading. The upward rally continued at the PSX till midday and added 245 points to take the tally to 45775 points level.

On Monday, the stocks started the week on a positive note as the KSE 100-index gained 235 points but in thin trade. The index closed at 45,529.49 points.

Top 5 index point performers were NESTLE (up 4.2%), MCB (1.2%), DAWH (1.6%), ENGRO (up 0.7%) & TRG (3.3%), adding 97 points; while MARI (down 1.6%), PMPK (5%), BAHL (1.1%), FCCL (0.9%) & UBL (0.2%) held back 39 points.

On the sector front, fertilizer added 49 points, food 43 points, OMCs 26 points, banks 18 points & tech 16 points, while tobacco shed 9 points. Market participation thinned further compared to last session; volumes shed 14% to 106n share, while traded value shed 22% to Rs5.4b/$51.3m.