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Stocks open bullish with 185pts gain

byMatiur Rehman
21/03/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened bullish after gaining 185 points to reach 48882 points level in early trading.

On Monday, the stocks started the week on a positive note, with the benchmark shares index rallying 288.30 points or (0.6%) by the close of the trading session to reach 48,697 points. Market opened on a positive note and followed its previous trend as the index traded at intraday high of 348 points to finally close at 48,698 level.

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Top volume leaders of the bourse were KEL (slip 1.42%), BOP (0.99%) and ASL (4.71%). POL (dip 1.79%) closed in red as international oil prices struggled near the lowest level since the end of November on rising US shale production. A total of 55.8 million shares had changed hands by the end of the session, with a total worth of nearly Rs 4.01 billion. Volume was recorded at 135 million shares, while value declined by 63.6% Rs 6.0 billion.

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