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PSX gains 105pts in early trading

byMatiur Rehman
13/04/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) started with positive note and gained 105.47 points to reach 33722.37 points level in early trading on Wednesday.

On Tuesday, the stocks opened the day resuming downfall from the last session as the benchmark KSE-100 index dropped down 150.29 points in the morning session but recovered later by 109.37 points. The index landed with gains of 50.68 points at 33,616.90 till closing. The session had 161 advancers to 137 decliners. The market volumes contracted 30.37% to 156.496 million showing the dent to investor confidence created by the political situation. Technology and communications sector dominated the volume chart with 30.36 million shares exchanged. TRG Pakistan Limited (TRG +0.39%) made up 25.64 million of the total. The overall sector remained weak with only System Limited (SYS +1.89%) and Avanceon Limited (AVN +2.24%) recording gains.

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