KARACHI: The Pakistan Stock Exchange Thursday opened keeping previous day’s bullish note and added 62.83 points level to reach 42467.30 points level in early trading.
On Wednesday, the stocks witnessed range-bound session, with the 100-share index recovering 111.80 points to close at 42,404.47 points. Volatility prevailed in the market as the index, after trading between an intra-day high of 188 points and intra-day low of 79 points, finally closed at 42,404 points. Of total 424 active scrips that participated in the session, 209 finished in red, 184 concluded in green while 31 went unchanged. Overall, volumes increased by 5.4% to 385m shares, while value increased by 11.1% to Rs13.0b/$125m.
Stocks showed recovery, led by cement, banking and oil scrips on investor speculations over CPEC projects and surge in global crude prices above $45/barrel. Concerns for foreign outflows and dismal falling FDI data invited early session pressure.
