KARACHI: The Pakistan Stock Exchange started week with bullish note and gained 118.85 points to cross psychological barrier of 34,000 and reached 34086.39 points level in early trading.
Last week, the stock market continued to make impressive gains as the benchmark KSE-100 index climbed 517 points (1.5 per cent) to close near 34,000-point barrier. The week started off on a positive note, with the cement sector leading the way as investors anticipated impressive sales figures from the cement sector in March. The oil and gas sector also contributed to gains by mid-week as oil prices rose following a decline in US inventory numbers. The KSE-100 index rose 497 points in the opening 3 days of the week. Average daily volumes rose a whopping 96.5% and were recorded at 275.3 million shares traded per day. Most of the activity was focused on lower-cap stocks which saw average daily values rise a relatively modest 43.6% to Rs10.5 billion per day.
