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A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

Stocks open bullish

byMatiur Rehman
04/04/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened bullish after gaining 51 points to reach 48278 points level in early trading.

On Monday, the stocks witnessed range bound session on first trading session of the week with shares index made moderate gains of 71.82 points and close at 48,227.75 points.

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Market opened on a positive note and retained its previous swing as the index traded between an intraday high of 228 points and intraday low of 35 points to finally close by at 48,228 level. Volume was led by Aisha Steel Mill with 15.89 million shares traded, Bank of Punjab with 11.77 million shares traded and Azgard Nine with 11.4 million shares traded remained in spotlight in the session. Scrips of 380 companies were traded, of which 137 gained in value, 229 declined and 14 remained unchanged. Volumes dried-up by 41 percent d/d to 159.9 million shares, while trade value decreased by 19 percent to Rs9.6 billion.

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