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PSX crosses 34,000 mark in early trading

byMatiur Rehman
07/04/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Thursday opened bullish and crossed psychological barrier of 34,000 by gaining 80.96 points and reached 34027.33 points level in early trading.

On Wednesday, led by cement and oil sector scrips on upbeat sales data, the stocks rebounded on. The benchmark 100-share index gained 179.88 points (up 0.53%) to close at 33,946.37 points. Volume decreased by 9% to 298m shares while value decreased by 21% at Rs 10.7b/$102m. Oil stocks gained as international oil prices rose. POL, OGDC and PPL closed up between the range of 0.4% to 1.5%.

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