KARACHI: The Pakistan Stock Exchange (PSX) Thursday opened on bullish note and added 32 points in early trading to reach 38240 level.
Yesterday, the PSX benchmark KSE 100-index remained positive throughout almost the whole trading session Wednesday to finally close at 38,208 points, gaining 289 points.
Top index point contributors were HBL (up 5%), UBL (4.6%), MCB (2.7%), OGDC (2%) & BAHL (3.2%), which added 307 points to the index while stocks including DGKC (down 4%), HUBC (1.6%), SNGP (2.2%), LUCK (0.9%) & TRG (3.6%) held back 77 points from the index.
On the sector front; commercial banks added 308 points, E&Ps added 48 points, automobile assemblers were up 15 points, fertilizer added 12points, whereas cements were down by 34 points, power 22 points & insurance 12 points.
Market volumes increased from 108.5m shares of Tuesday to 129.6m shares yesterday (up 19% DoD). Average traded value also increased slightly 4% DoD from USD 42.8m to USD 44.5m. Stocks that contributed significantly to the volumes included TRG, BOP, WTL, KEL and LOTCHEM, contributing a total of 56m shares, reflecting 43% share of total volumes.
