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PSX witnesses another record-breaking opening

byMatiur Rehman
15/07/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Friday opened adding 94 points to reach 39350.86 points level in early trading.

On Thursday, positivity prevailed for the fourth consecutive session at Pakistan Stock Exchange as the 100-share index surged by 207.54 points to close at the fresh all-time high level of 39,257 points. HBL (up 2.80%) led the banking sector and was the biggest index mover of the day. The pharmaceutical sector continued its positive trajectory. Main gainers of the aforementioned sector were GLAXO (up 5.00%) and ABOT (4.13%). The automobile sector remained positive on the back of sales surging 20% YoY where HCAR (up 4.65%) rallied. Volumes decreased by 16.3% to 165m shares as compared to 196m shares of the previous day, while value decreased by 23.6% to Rs 11.6b/$111m. DCL was the volume leader with 13.7m shares traded.

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