KARACHI: The Pakistan Stock Exchange Monday opened flat and gained only 3.35 points to reach 34722.64 points level in early trading.
On Friday, upward trend continued at the stock market as the benchmark 100-index gained another 215.65 points (up 0.63%) to close at 34,719.29 points. OGDC (0.98%), POL (1.23%) and PPL (0.34%) in the E&P sector gained to close in the green zone, as crude oil prices gained to trade above $46/bbl level. PSO (down 1.79%) came under selling pressure after the oil marketing company declared a loss of Rs7.85/share in its 3QFY16 result versus market expectation of Rs3.18 per share earnings. Volume decreased by 6% to 254m shares whereas value also declined by 8.2% to Rs 13.3 billion.
