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Stocks gains 64pts in early trading

byMatiur Rehman
31/01/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) witnessed fluctuation in early trading but remained positive as the benchmark 100-index gained 64 points to reach 49036.55 points level.

On Monday, the PSX joined other major markets that have fallen after President Donald Trump’s travel ban on seven Muslim countries. The PSX on first trading day of the week tumbled below the psychological level of 49,000 points after in reaction to Trump’s controversial travel ban. The bench mark shares index fell by 991 points or (2%) to close at 48,972.24 points. Overall, volumes decreased by 35 percent to 389 million shares, while value declined by 20 percent to Rs20.3 billion.

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