KARACHI: The Pakistan Stock Exchange (PSX) witnessed volatility in early trading on last trading day of the week as the benchmark 100-index added 42 points to reach 43553 level on Friday morning.
Yesterday, the PSX made an intra-day high of 395 points vs a low of 63 points, rallying by 271 points to close at 43,510 points. Major contribution to the index came from LUCK (up 5%), ENGRO (2.46%), DGKC (4.04%) and MLCF (5%), contributing 170 points to the index.
Moreover, CPI number for Feb-2018 clocked in at 3.80%, which came below experts’ expectation of 4.00%. Banking space closed mixed in trading session as UBL (up 0.08%) closed positive, while on the other hand MCB (down 0.42%) and HBL (0.10%) closed in the negative zone. E&P sector closed in the red as crude oil prices edged lower in the international market. POL (down 0.89%) and PPL (0.62%) were the major laggards of the sector.
Traded volumes improved by 40% DoD to 212m shares while value traded picked up to $93m. LOTCHEM (+1.02%) led the volumes with more than 11m shares exchanging hands.
