KARACHI: The Pakistan Stock Exchange Wednesday gained mammoth 740 points in early trading to reach 52,887 points level.
On Tuesday, the PSX continued its bullish momentum on second consecutive day with strong upward movement in most MSCI-EM stocks. The benchmark 100-share index closed at 52,147 points after rallying by 773.46 points or 1.57 percent.
Banking sector led the gains in the market as the sector gained to close 1.71% higher than its previous day’s close. Market participation improved with volumes rising 35% d/d to 324m shares, while traded value surged 56% to Rs20b/$187m. Scrips of total 417 companies participated in the session of which 273 concluded in advance, 132 in decline while 12 remained unchanged.
