KARACHI: The Pakistan Stock Exchange witnessed fluctuation in trading till midday but remained in green zone as the benchmark 100-index added 32 points to reach 46743.92 points level on Friday.
Earlier, the PSX opened keeping bullish note of previous day and added 112 points to reach 46824 points level in early trading.
On Thursday, the stocks started the post-Eid week on a bullish note as the benchmark shares index gathered around 380 points. The index compounded on gains post-Eid holidays, rising 380 points albeit on thin participation and to close at 46,712 level. The 100-index was propped up by buying in heavy weights sectors like Banks, E&P’s and Cement. PSX (slip 5pc) closed at its lower limit on first day of trading.
TRG (dip 4.9pc) in the technology sector was the most traded stock today and closed near its lower circuit due to negative investor sentiment. Key triggers providing catalyst for market performance in the near term could be upcoming results season and clarity on JIT investigations. Market participation slumped as volumes fell 36 percent to 187 million shares, while traded value declined 6 percent to Rs12.6 billion.
