KARACHI: The Pakistan Stock Exchange (PSX) maintained its green zone presence till midday and gained 55.61 points to reach 43566 level on last trading day.
The stocks witnessed volatility in early trading as the benchmark 100-index added 42 points to reach 43553 level.
Yesterday, the PSX made an intra-day high of 395 points vs a low of 63 points, rallying by 271 points to close at 43,510 points. Major contribution to the index came from LUCK (up 5%), ENGRO (2.46%), DGKC (4.04%) and MLCF (5%), contributing 170 points to the index.
Moreover, CPI number for Feb-2018 clocked in at 3.80%, which came below experts’ expectation of 4.00%. Banking space closed mixed in trading session as UBL (up 0.08%) closed positive, while on the other hand MCB (down 0.42%) and HBL (0.10%) closed in the negative zone. E&P sector closed in the red as crude oil prices edged lower in the international market. POL (down 0.89%) and PPL (0.62%) were the major laggards of the sector.
Traded volumes improved by 40% DoD to 212m shares while value traded picked up to $93m. LOTCHEM (+1.02%) led the volumes with more than 11m shares exchanging hands.
