KARACHI: The Pakistan Stock Exchange Friday opened buoyant as the 100-index added another 436 points to reach 49450 points level in early trading.
On Thursday, the stocks gained around 372 points to close at 49,014 level. The top index influencers were LUCK (higher 1.26%), NML (5%) and ENGRO (1.18%). BOP (0.73%) was today’s volume leader with more than 32 million shares traded. Oil stocks remained in pressure on weak global crude prices and dismal annual earnings of PPL. Investor speculations in second and third tier value stocks in the late session rally of the earnings season played a catalyst role in record close. Overall, volumes increased by 38 percent to 456 million shares, while traded value rose by 6 percent Rs23.2 billion.
