KARACHI: The Pakistan Stock Exchange Thursday opened with positive note and gained 293.36 points to reach 42496.99 points level in early trading.
On Wednesday, following the global markets which plunged after news of Donald Trump’s victory in the US elections, the stock market initially declined by 760 points. However, later the 100-share index took a U-turn and recovered to gain 89.72 points, closing at the highest-ever level of 42,203.63 points.
Cement sector extended its previous day gains on the back of encouraging cement dispatch numbers, which were released by APCMA, for the month of Oct-2016. FCCL (2.28%) and KOHC (1.92%) were top performers of the aforementioned sector. OGDC (down 1.41%), POL (0.98%) and PPL (0.64%) in the E&P sector lost value to close in the red zone as crude oil prices remained largely under pressure during the trading hours. Overall, volumes increased by 15% to 552m shares, while value increased by3.4% to Rs21b/$195m.
