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Published 29 Sep, 2017 06:27pm

PSX ends slightly higher on week's close

The Pakistan Stock Exchange (PSX) continued gain lost ground in the last session of the week, with the benchmark KSE-100 Index gaining 46 points to cross the 42,400 mark.

Hitting a day's high of 42,543 in the first half of trading, the index touched a low of 42,287 points soon after recess before paring losses and closing at 42,409.

A total of 343 symbols were traded in the day, of which 210 advanced, 117 declined and 16 remained unchanged.

Around 173 million shares worth Rs5.5 billion were traded on the exchange, up from 140m shares traded on Thursday.

"Speculations on rising textile exports through the EU GSP Plus scheme and upbeat financial results played a catalyst role in higher close," Ahsan Mehanti of Arif Habib Corporation said.

The power generation and distribution sector dominated the day's trading with 40.2m shares traded.

Volumes were led by:

K-Electric Ltd: 38.0m shares traded [+5.71pc]

B.O.Punjab: 13.6m shares traded [+3.12pc]

Pak Int.Bulk: 9.6m shares traded [+4.00pc]

WorldCall Telecom: 7.2m shares traded [-1.95pc]

Silk Bank Ltd: 6.1m shares traded [+4.88pc]

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