KARACHI: The Pakistan Stock Exchange (PSX) opened Friday keeping previous day’s positive note and added 100 points to reach 40471 level in early trading.
Yesterday the stocks maintained its upward trend as flows in cement, steel, gas utilities kept investors’ sentiment intact, resultantly the benchmark 100-share index gained another 225 points and closed at 40,371 points.
Top index point contributors were MCB (up 3.8%), LUCK (3.5%), UBL (1.8%), DGKC (2.8%) & FCCL (4%), adding 179 points to the index, while PPL (down 1.2%), ENGRO (1.1%), HBL (0.7%), OGDC (0.6%) & PAEL (4.2%) held 84 points back from the index.
Sector wise; cements added 109 points, banks 84 points, textile 22 points, refinery 19 points, whereas E&Ps held back 46 points, fertilizer 32 points & cable goods 11 points.
Traded volumes improved by 20% DoD to 239m shares while value traded surged up to $82m.
Top volume stocks for the day were WTL (up 0.34%), DSL (down 4.10%), and TRG (up 1.04%). SSGC (up 5%) from the gas utility closed at its upper circuit on the back of news that the government is likely to offer incentive relief to SSGC to the tune of Rs31 billion.
