KARACHI: The Pakistan Stocks Exchange (PSX) Thursday opened keeping previous day’s bullish trend and added 247.07 points to take the tally to 46432.34 points level in early trading.
On Wednesday, the PSX continued its upward trajectory as the 100-share index closed at fresh record high of 46,185 points after gaining 327 points. Mixed activity was witnessed in the auto sector as numbers released by PAMA indicated a 6% YoY decline for the month of Nov-2016. MTL was the major gainer (up 2.42%), while INDU (down 1.40%) was the major loser in the sector. Intra-day rally was witnessed in cements as the sector gained to close 0.7% higher than its previous day’s close. MLCF (up 4.33%) and DGKC (2.26%) were top performers. Overall, volumes decreased by 6% to 360m shares, while value declined by 13.6% to Rs18.9b/$181m. POL, PPL and OGDC gained 5%, 5% and 1% respectively.
