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PSX loses 1051 points crashing into the bottom

KARACHI : In contrast to Wednesday’s positive session, the stock market loses a plunge of over 1,000 points in intra-day trading on Thursday.
The KSE-100 Index, a benchmark for market performance, failed to maintain the previous session’s gains and after a brief stay in the positive, the index plummeted.
The rising political tensions took a toll on the market, dampening investor sentiments. At 12:51 the benchmark KSE 100-share Index, stood at 43,179.40, down 1,007.56 points or 2.28%.
The stock market, on Tuesday, recorded increased activity, albeit to its own detriment, as the benchmark index plunged over 1,300 points due to rising political temperature and concerns over higher taxes on stockbrokers.
The three top traded companies were Azgard Nine Limited with a volume of 11,441,500 and price per share of 15.26 (-0.61), Bank of Punjab Ltd with a volume of 11,074,000 and price per share of 10.29 (-0.30), TRG Pakistan Limited with a volume of 9,639,500 and price per share of 41.59 (-1.94).
The top three advancers were Khyber Tobacco Company Limited with a volume of 500 and price per share of 828.33 (28.34), Jubilee Life Insurance Company Limited with a volume of 2,850 and price per share of 799.90 (19.90), National Foods Limited with a volume of 9,800 and price per share of 315 (15.00).
The top three decliners were Rafhan Maize Products Company Limited with a volume of 60 and price per share of 6,750 (-200.00), Philip Morris (Pakistan) Limited with a volume of 20 and price per share of 2,501 (-123.11), Mari Petroleum Company Limited with a volume of 107,140 and price per share of 1,705.33 (-71.78).

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asad ullah

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