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PSX crosses 38,000 mark till midday

byMatiur Rehman
11/07/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange regained the early losses till midday and gained 138.60 points to cross psychological barrier of 38,000 and reached 38105.36 points level.

Earlier, the stocks opened bearish shedding 30.64 points to reach 37936.12 points level in early trading after a week-long Eid holidays.

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Last week, only the PSX was opened on Monday, when it closed higher with 183.22 points gain and reached 37966.76 points level.

The stocks recorded the highest trading level of 38007.51 points and lowest level of 37689.70 points, with the volume of 110.62 million shares, having about Rs 7.06 billion value. As many as 298 companies were active; of which 196 advanced, 92 declined and 10 remained unchanged. Power generation & distribution was the top traded sector with 31,241,500 volume, while oil & gas marketing companies remained second with 19,100,400 volume

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