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PSX adds 480pts as upward rally continues till midday

byMatiur Rehman
01/12/2016
in Markets, Stock Exchange
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KARACHI: The bullish note continued at the Pakistan Stock Exchange as the 100-index added 479.71 points till midday to reach 43102 points level on Thursday

Earlier, the PSX recouped all the losses it endured in the last two days as the benchmark 100-index added huge 588.10 points to take the tally to 43210.47 points level in early trading.

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On Wednesday, the PSX fell for second consecutive trading session on the back of concerns on recent foreign selling as the 100-share index shed 188 points and closed at 42,622 points. NML (down 4.6%) and NCL (3.1%) were major losers of the aforementioned sector. The market has gained 30% YTD, which remains one of the best in the region. Overall, volumes decreased by 32% to 394m shares, while value decreased by 23% to Rs13.6b/$130 million.

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