KARACHI: The Pakistan Stock Exchange (PSX) Friday gained 71.51 points to reach 33,967.54 points level at closing.
The benchmark index also hit a high of 98.24 points and a low of 20.41 points. Cement sector led the rally as CHCC (up 2.95%), FECTC (0.78%), and MLCF (0.37%) gained to close in the green zone. HASCOL gained 0.89% on the back of material information disseminated in the market, indicating transfer of shares of Hascol Petroleum Limited from major shareholders to Vitol Dubai Limited at a rate of Rs162/share, as notified to the exchange through letter dated 26th February, 2016.
Volume decreased by 25% to 196m shares while value also decreased by 9% to Rs7.8b/$75m. Index remained range bound due to some political noise. Oil stocks gained as international crude rose which led the stocks like POL, OGDC and PPL to gain 0.9%, 0.3% and 0.7% respectively.
