KARACHI: The Pakistan Stock Exchange (PSX) opened Thursday on bullish note after adding 121 points to reach 40713 points level in early trading.
On Wednesday, another weak trading session was witnessed at the PSX. The KSE 100-index closed marginally up at 40,592 points after gaining 43 points).
Participant interest was centered around K-Electric (KEL up 10%) turning over 77m shares or 49% of the days volume, as comments from Privatization Minister regarding Shanghai Electric’s looming takeover sparked a mind boggling rally in the battered stock.
On the sector front, E&Ps added 25 points, tobacco 19 points, engineering/OMCs 15 points each, while banks held back 57 points, followed by auto assemblers that took away 16 points from the index. Traded volumes were up by 54% DoD to 157m shares while traded value was up by 1.5% to $50m.
