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PSX gains huge 987pts till midday

byMatiur Rehman
22/06/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange continued its upward journey as the benchmark 100-index gained huge 987 points to take the tally to 46461 points level till midday on Thursday.

Earlier, the stocks opened bullish adding 384 points to reach 45858 points level in early trading.

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On Wednesday, the stocks showed recovery led by oversold banking, fertilizers and oil scrips on strong valuations in late session institutional buying. . The benchmark index fluctuated between low of 1,088 points and high of 851 points and finally closed up 560 points up at 45474.46 points. Market participation rose further as volumes gained 17% to 346m shares, while traded value rose 27% to Rs16.6b/$159m.

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