KARACHI: The Pakistan Stock Exchange started new week on positive note and gained 151 points to take the tally to 48307 points level in early trading.
On Friday, stocks showed recovery in a late session rally in oil, autos and pharma scrips on strong valuations. Market remained under pressure during the first half of the trading session as the index dropped to make an intraday low of 271 points. However, recovery was witnessed in the last hour of the trading session as the index acquired 207.60 points to close above 48,156.
Major contribution to the index came from MCB (gain 1.92%), MARI (5%) and UBL (1.08%), whereas on the flip side HBL (slip 1.43%), LUCK (0.83%) and FFC (0.55%) weighed down on the index. Overall, volumes increased by 13% to 273mn shares, while value decreased by 9% at Rs11.8b.
