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A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

Upward rally continues at PSX till midday

byMatiur Rehman
22/03/2017
in Markets, Stock Exchange
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KARACHI: The upward rally continued at the Pakistan Stock Exchange till midday as it gained another 88 points to take the tally to 49108 points level on Wednesday.

Earlier, the bullish note opened new day at the stock market as the benchmark 100-index gained 43 points to reach 49063 points level in early trading.

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On Tuesday, stocks continued its upward trajectory as the benchmark PSX shares index gained 322 points or (0.66%) by the close of the trading session to reach 49,020.21 points.

Market opened on a positive note and kept its previous trend as the index traded at intraday high of 362 points and intraday low of -21 points to finally close at 49,020 level, brokers said. PPL (gain 1.25%), OGDC (0.50%) and POL (0.78%) in the E&P sector closed in the green zone. Overall, volumes increased by 67.9 percent to 225 million shares, while value rose by 86.67 percent to Rs11.2 billion.

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