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Stocks adds another 407pts in early trading

byMatiur Rehman
05/05/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Thursday started keeping bullish trend and gained huge 407.29 points to reach 35724.85 points level in early trading.

On Wednesday, the benchmark KSE 100 index shot past the 35,000 key resistances with a high of over 500 points. The index landed at 35,410.23 after a frog leap of 420 points. Highlight of the day included the massive jump in market volumes. Total volumes for Wednesday’s session stood at 27.9 million with 209 scripts in the green and 143 in the red. The technology and communications sector was top traded with Pakistan Telecommunication Company (PTC) in the lead. The sector was a blend of gainers and losers. Pak Datacom (PAKD), Systems Limited (SYS) and TRG Pakistan Limited (TRG) closed positive while Avanceon Limited (AVN), Hum Network Limited (HUMNL) and NetSol Technologies (NETSOL) closed down.

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