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PSX continues upward trajectory till midday

byMatiur Rehman
30/12/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Friday continued upward rally and added 172.96 points to take the tally to 47839.62 points level till midday.

Earlier the stocks opened keeping bullish note and gained another 107 points to reach 47774 points level in early trading.

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On Thursday, the PSX-100 index managed to reach yet another high and gained 242 points or (0.51%) to conclude at 47,667 points. Fauji Cement (FCCL) and Dawood Hercules (DAWH) remained major contributors towards the gain, cumulatively adding 58 points, where the mentioned scripts registered a gain of 5 percent and 3 percent, respectively. Overall, volumes increased by 43 percent to 390 million shares, while value increased by 13 percent to Rs18.6 billion/$178 million.

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