KARACHI: The Pakistan Stock Exchange remained bullish as the 100-index gained 294 more points to cross the psychological barrier of 42,000 points and reached 42135.53 points level till midday on Monday.
Earlier, the Pakistan stocks opened positive as the benchmark added 72 points to reach historic 41913.13 points level in early trading.
On Friday, the institutional profit-taking halted upwards journey of Pakistan Stock Exchange. The benchmark 100-share index lost 133 points and closed at 41,841.56 points. Market witnessed profit-taking on the back of uncertainty in the global political situation ahead of an expected close US election. E&P sector remained under pressure on the back of decline in crude oil prices. Crude oil prices plummeted to five-week low, below $45, in the international market. POL (down 0.88%) and OGDC (0.17%) were the major laggards of the aforementioned sector. Traded volume deceased to 451m shares compared to 529m shares of the previous day, while traded value also declined to Rs15.2b/$145m.
