KARACHI: The Pakistan Stock Exchange Friday continued its upward rally as the benchmark 100-index gained huge 694 points to reach 50886.80 points level in early trading.
On Thursday, the stocks closed on all time highs led by cement, fertilisers and banking scrips, the PSX shares index crossed psychological barriers to close at 50,192.36 level by gaining 435.59 points or (0.88%). KEL (gain 3.74) was the volume leader with more than 74 million shares traded.
Hefty buying was witnessed in the market during latter hours, which helped market to close comfortably above 50,000 level, brokers said. Banking sector led the gain in the market as index heavy weight HBL (rose 1.90%), MCB (2.72%) and UBL (1.64%) gained to close in the green zone. Overall, volumes decreased by 2 percent to 449 million shares, while value decreased by 15.7 percent to Rs25.4 billion.
