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Home Markets

PSX recovers another 90.90pts till midday

byMatiur Rehman
24/08/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) further recovered the losses till midday and gained 90.90 points to take the tally to 39491.09 points level.

Earlier, the stocks took a good start and added 79.93 points to reach 39480.12 points level in early trading.

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On Tuesday, the benchmark 100-share index shed 58 points to settle at 39400.19 points. Volatility prevailed in the market as the futures rollover week continues. Investors’ interest was seen in the banking sector, as it closed marginally higher than its previous day’s close. HBL (up 1.19%) and MCB (1.18%) were the top performers of the aforementioned sector. Volumes declined by 7% to 173m shares while value increased by 14% to Rs8.1b/$77m. KEL led the volumes with 13.3m shares traded.

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