KARACHI: The Pakistani Stock Exchange (PSX) Wednesday opened keeping previous day’s bullish note and gained 185 points to reach 40734 level in early trading.
On Tuesday, the stocks witnessed promising start of the day where KSE-100 index surged above 40,500, managing to close near session highs; up by 232 points or (0.6pc) to close 40,549 points level.
E&P sector closed in the green today as compared to the last trading day, where POL (up 0.55pc), PPL (gain 1.04pc) and OGDC (rose 1.69pc) were the major movers in the sector amidst international crude oil prices, stated dealer at JS Global. Top index point performers were MCB (up 2.3pc), OGDC (up 1.7pc), PPL (gain 1.1pc), PAKT (up 5pc) & SNGP (up 2.6pc) contributing 126 points to the index while PSO (down 1.6pc), KAPCO (dip 0.5pc), NCPL (slip 5pc), NPL (down 5pc) & DAWH (slump 0.8pc) withheld 40 points from the index.
On the sector front, banks added 78 points, while E&Ps contributed 64 points and fertiliser 26 points while on the flip side power held back 19 points as investors were concerned over news of shutdown of furnace oil based power plants.
