KARACHI: The Pakistan Stock Exchange Friday opened with positive note and added 144 point to reach 36684.97 points in early trading.
On Thursday, after witnessing two bearish sessions, Pakistan Stock Exchange staged rebound as the benchmark 100-share index rose by 41.54 points (up 0.11%) to close at 36,540.97 points.
Volatility prevailed in yesterday’s session as the index made an intra-day high of 184 points and a low of 37 points. EFOODS (up 4.08%) and ENGRO (1.54%) were the major index movers. On the other hand, the banking sector remained under pressure on the back of SBP’s cut in policy rate to 5.75% to boost growth. Top laggards of the aforementioned sector were MCB (down 0.9%) and HBL (0.5%). Volume decreased 21% to 212m shares compared to 269m shares of the previous day, while traded value was up by 7% to Rs 9.7b.
