KARACHI: The Pakistan Stock Exchange (PSX) started the last trading day of the week on bullish note and added 176.98 points to reach 42539.85 points level in early trading on Friday.
On Thursday, the stocks remained range bound, as the benchmark KSE-100 index made an intraday low of 95 points and a high of 166 points, to finally close at 42,363, by gaining 73 points.
Index point leaders POL (up 3.6pc), PIBTL (gain 4.5pc), PPL (up 0.8pc), ENGRO (rose 0.7pc) & FATIMA (up 4.3pc) with positive contribution of 91 points conversely HBL (down 0 7pc) LUCK (slip 1pc) MEBL (down 2 3pc) BAHL (slump 1 4pc) & FCCL (down 2 4pc) held back 71 points from the upside.
Today’s gains were fuelled by Petro chain; E&Ps added 45 points lead by POL (39.5 points), OMCs 17points & Refinery 15 points. Transport also added 15 points as PIBTL neared its upper limit after hiatus. Cements (shed 40 points), Banks (down 38 points) & Power (held back 9.5 points) were losers.
Volumes were down 4 percent d/d at 140 million shares as compared to 147 million shares in the previous trading session. While traded value rose 12 percent at Rs6 billion/$57 million. Scrips of total 382 active companies were traded in the session of which 234 concluded in advance, 127 in decline while 21 remained unchanged.
