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Stocks open new week on positive note

byMatiur Rehman
05/03/2018
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange started new trading week on positive note and added 60 points to reach 43801 level in early trading on Monday.

Last week, traded volumes declined by 2 percent WoW to 181million, however ADTO went up by 1 percent to $74million. However, benchmark KSE-100 index managed to close in the green zone at 43,740 pts (up 1 percent), mainly attributable to heavyweight sectors such as (1) Cements (+7 percent on price increase of Rs10/bag in the North), (2) OMCs (+1 percent WoW) and (3) Power (+2 percent WoW) sectors. FATF related news flow mainly impacted the banking sector (down 1 percent WoW) on fears of tightening global scrutiny.

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