KARACHI: The Karachi Stock Exchange witnessed another bullish opening as the benchmark 100-index up by 0.33 per cent, gaining 109.53 points to reach 32845.97 points, with total volume of 40,177,000 shares on Friday, the last trading day.
On Thursday, the KSE benchmark 100-index gained 487.57 points or 1.51 percent to reach 32736.43 points and volume of 272,204,960 shares. Total traded companies were 356, out of which 235 were up 95 were down and 26 were unchanged.
Power Generation and Distribution were the top traded sector with total traded volume of 83,562,000 shares. It was followed by commercial banks with a total traded volume of 53,595,300 shares.
Rising international oil prices triggered rally in oil stocks as OGDC, POL and PPL rose. Traded volumes stood at 226m shares (Rs.11b/ $110m), below month-to-date (MTD) average of 240m shares (Rs.13b/ $130m). PTC declined as investors sold the scrip, after lower than expected 1Q2015 earnings of the company.
