KARACHI: The Pakistan Stock Exchange started new week on positive note and added 145 points to reach 45688 level on Monday.
On Friday, the stocks closed positive on budget day, with the benchmark KSE-100 index settling at 45,543 points, up by 82 points. Market kicked off on a positive note making an intra-day high of +211 points. Market traded range-bound throughout the day as investors remained cautious as the government was unveiling its sixth consecutive budget in the National Assembly.
Moreover, Pakistan’s foreign exchange reserves fell to $17.130b during the week ended April 20 from $17.545 billion a week ago. The major heavyweights namely HBL (+0.27 percent), OGDC (+0.78 percent), UBL (+1.44pc) , ENGRO (+0.55pc), MCB (-0.32pc), HUBC (+0.37pc) and FFC (+4.27pc) cumulatively contributed +121 points to the index. Traded volumes increased by 32pc DoD to 225m shares while value traded rose to $85m.
