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PSX remains sceptical till midday

byMatiur Rehman
18/11/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Friday remained volatile till midday as the benchmark 100-index added 22 points to reach 42434.02 points level.

Earlier, the PSX witnessed variation in early trading and added 14.28 points to reach 42426.08 points level.

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On Thursday, stocks closed almost flat amid consolidation in the post-earnings season at PSX. Volatility persisted in the market as the index, which traded between an intra-day high of 122 points and intra-day low of 77 points, finally close up by 7.33 points at 42,411.80 points.

Overall, volumes increased by 28.8% to 496m shares, while value increased by 19.2% Rs15.5b/$148m. Recovery in global crude prices on likely OPEC output freeze supported oil stocks. Cements stocks outperformed on speculations over earnings in CPEC projects and rising local cement prices.

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