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Stocks add 322pts, cross 47,000 mark in early trading

byMatiur Rehman
28/12/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Wednesday continued upward rally and crossed 47,000 mark again after gaining 322 points to reach 47243 level in early trading.

On Tuesday, the stocks remained bullish despite thin trade as the index gained around 231 points to close at 46,920.47 points or (0.49pc). HBL and HASCOL led the index by contributing 83 points to the gain, brokers said. OMC led the gains in the market as the sector gained to closed (1.9pc) higher than its previous day close. HASCOL (5pc) and PSO (1.31pc) were major index movers from the aforementioned sector. Renewed interest was also seen in cement sector as DGKC, LUCK and MLCF gained between 1%-1.7%, said dealers at Topline brokerage. Overall, volumes increased by 10.5 percent to 198.6 million shares, while value rose by 22.2 percent to Rs11 billion.

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