KARACHI: The Pakistan Stock Exchange Friday started trading with positive note and gained 106 points to 50014 points level in early trading.
On Thursday, the stocks witnessed another range bound session, by midday the index managed to breach past 50,000 points psychological barrier lead by strong gains in cements, yet the market succumbed to selling pressure in the second half to close up just 33 points. Positivity prevailed in the market for most part of the day as the index gained to make an intraday high of 322 points but came under selling pressure during the latter hours as the index lost to close on a flat note (up 0.07%).
KEL was the volume leader as more than 61 million shares of the power company exchanged hands. Volumes grew by 8 percent to 539 million shares, while value rose by 18 percent to Rs24.5 billion as investors interest was tilted to blue chip companies.
