KARACHI: The Pakistan Stock Exchange Friday continued its upward rally and gained 71.73 points to reach 39863.83 points level in early trading.
On Thursday, buying in cements and some other selected shares helped benchmark KSE 100 index extended gains by 285.52 points to close at 39792.10. Volumes were up to 297 million from 140 million shares traded on previous day. The trading value also surged to Rs 12 billion from Rs 7 billion. K-electric again topped the volume leaders’ list with 25 million shares followed by Dewan Cement (18 million), Sui North Gas (13 million), NIB Bank (10 million), Dewan Motors (10 million), Dewan Salman (9 million) and TRG Pak Ltd (8 million). Major gainers were Island Textile and Muree Brewery which recorded appreciation of Rs 54.27 and Rs 47.54 respectively while share value of Philip Morrris Pak. and Indus Motors suffered decline of Rs 78 and Rs 25.60 respectively. Shares of 414 companies changed hands out of which value of 288 companies registered an increase while 108 remained in red zone. Shares of 18 companies remained unchanged.
