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Stocks cross 43,000 level in early trading

byMatiur Rehman
19/09/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) opened second trading day on positive note and added 250.55 points to cross 43,000 level and reached 43091.96 points level in early trading on Tuesday.

On Monday, the stocks observed a volatile session throughout the day as the KSE 100-index, after making an intra-day high of 138 points and intra-day low of 297 points, closed at 42,841 points, 54 points up.

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Top 5 index point contributors were MCB (up 4.2%), FFC (5%), NESTLE (4.4%), EFERT (4.7%) & ENGRO (1.7%), adding 230 points while HBL (down 1 4%) LUCK (2 3%) HUBC (1 6%), BAHL (2%) & DGKC (down 1 9%) eroded 134 points. On the sector front, fertilizers added 155 points, food added 49 points; while cements shed 27 points & autos declined by 26 points.

Scrips of total 367 active companies participated in the session of which 138 closed in advance, 213 in decline while 16 remained unchanged. Market volumes remained low as total volume for the all-share index touched 114 million shares, 43% down from the last trading day. While traded value decreased to Rs7.4b/ $7.1m.

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