KARACHI: The upward rally continued till midday as the Pakistan Stock Exchange benchmark 100-index added another 168 points to take the tally to 46526.73 points level on Friday.
Earlier, the stocks opened bullish and gained 98.20 points to reach 46456.55 points level in early trading.
On Thursday, the PSX extended its previous day’s gains as it rallied by around 173 points and closed at a new high of 46,358 points. NML (up 5%) and NCL (3.73%) were top performers. Automobile sector gained on the back of decline in Yen, as the sector gained to close 1.1% higher from its previous day’s close. PSMC (up 5%) and HCAR (1.46%) were major gainers of the aforementioned sector. Intra-day day rally was witnessed in the E&P sector on the back of surge in crude oil prices during the day. PPL (up 1.23%) and OGDC (0.99%) were major index movers from the aforementioned sector. Overall, volumes decreased by 6% to 340m shares, while value increased by 2% to Rs19b/$185m.
