KARACHI: The Pakistan Stock Exchange (PSX) crossed psychological barrier of 40,000 and reached 40060.78 points level after gaining 199.18 points till midday on Friday.
Earlier, the stocks opened gaining 112 points to reach another record level of 39973.92 points in early trading.
On Thursday, the PSX rose to new highest-ever level. The 100-share index closed at 39861.60 points after gaining 55.72 points (0.14%). Volatility prevailed in the market yesterday, brokers said. The oil sector remained under pressure throughout the day on the back of declining global crude oil prices. Major laggards of the sector were OGDC (down 0.73%) and POL (1.26%). Top performers of the sector were ACPL (up 3.37%) and KOHC (2.28%). The automobile sector remained depressed throughout the day as sales for the month of July were disappointing, where INDU (down 2.15%) was the major laggard of the sector. Volumes increased by 59% to 385m shares while value increased by 7% to Rs 13.2b/$127m.
