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PSX ‘tries’ to recoup some losses till midday, gains 126pts

byMatiur Rehman
02/06/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange tried to recoup some losses till midday as it gained 126 points to reach 48906.96 points level on Friday.

Earlier, the socks opened bearish and shed huge 753 points to reach 48027 points level in early trading.

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On Thursday, the PSX benchmark shares index witnessed massive decline of 1810.76 points or (down 3.58pc) to close at the level of 48,780.81 points. KEL was the volume leader as almost 50 million shares of the power generation company exchanged hands. Participation somewhat sustained volumes at 403 million shares while traded value fell sharply by 48 percent to $262 million. Traded value of 6 MSCI-EM stocks was $129 million in regular market.

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