KARACHI: The Pakistan Stock Exchange continued its upward rally till midday as the benchmark 100-index gained another 251 points to reach 51354 points level on Thursday.
Earlier, the stocks opened keeping previous day’s bullish note and added 252 points to reach 51355 points level in early trading.
On Wednesday, the PSX ended on a bullish note despite volatility as the KSE 100-index gained to make an intra-day high of 158 points and low of 216 points, closing up 30 points at 51,103 points levels.
Overall rally was witnessed in the banking sector where big banks boosted the index to close in green as the MSCI-EM rebalancing date approaches. Major volume was witnessed in WTL with 55m shares, EPCL 21m shares and DCL with 16m shares respectively. Scrips of 375 companies were traded in the session,187 closed in green, 172 in red whereas 16 went unchanged. Volumes were lower than previous trading session at 335m as compared to the last trading day at 370m shares. While value also decreased to Rs15b/$142m.
