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PSX starts trading with positive note

byMatiur Rehman
29/03/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Tuesday started trading with positive note and added 40.63 points to reach 32944.95 points to reach 32944.95 points in early trading.

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On Monday, lackluster activity was witnessed at the stocks and the index closed up by 27.77 points or 0.8% at 32,904.32 points. Traded volume remained depressed as it fell 21% to 86.4m shares. Traded value fell 8% to Rs4.6b/$43.5m. Total 339 active companies participated in the session of which 166 closed in decline, 150 in advance while 23 remained unchanged. Consolidation was seen in cement sector stocks where movement was seen in both directions – Maple Leaf Cement (MLCF) and Lucky Cement (LUCK) closed in the green as they were up 2.4% and 0.5%, respectively, while DG Khan Cement (DGKC) and Fauji Cement Company (FCCL) fell 0.7% and 0.4%, respectively, said dealers at major brokerage.

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