KARACHI: The Pakistan Stocks Exchange (PSX) Thursday gained 385 points to reach 49841 points level till midday.
Earlier, the stocks opened bullish and gained 335 points to reach 49791.19 points level in early trading.
On Wednesday, the PSX added mammoth 698 points or (1.4%) to close at 49,455.85 level. Hub Power (HUBC) with a weight of 4 percent in KSE-100 index contributed around 77 points to the index. Interest was also seen in International Steel (ISL) and International Industries (INIL) which closed at their upper circuits following expansion announcement by ISL. Colgate Palmolive Pakistan (COLG) announced 2QFY17 financial results reporting profit of Rs870 million (EPS Rs18.1), up 28 percent YoY. K-Electric emerged as volume with 68 million traded shares. Overall, volumes increased by 12.7 percent to 356 million shares, while value raised by 5 percent to Rs20.3 billion.
