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PSX starts week with bullish note, gains 97pts in early trading

byMatiur Rehman
14/03/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchanged opened week with positive note as benchmark KSE-100 index added 96.98 points to reach 32766.14 points in early trading on Monday.

Last week, the stock market registered a rise of 0.7 percent on weekly basis, mainly due to return of foreign investors. On Friday, weak sentiments persisted at Pakistan Stock Exchange amid uncertainty in global stocks and crude prices, with the benchmark 100-share index losing another 41.40 points to close at 32,669.16 points.Another lackluster day was witnessed at local bourse in absence of any key trigger, dealers said. Index gained 1% this week with average volume of 175m shares traded. Traded volume fell by 14% to 116m while traded value also deceased to Rs5.7b/$54m). Total 317 active companies participated in session of which 175 settled in negative, 108 in positive while 34 remained unchanged.

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