KARACHI: The Pakistan Stock Exchange Friday opened on positive note after Pakistan Day holiday and gained 51 points to reach 49068 points level in early trading.
On Wednesday, the stocks closed flat amid late session pressure on oil stocks after a fall in global crude prices and concerns over a major fall in global equities. The market opened on a positive note, maintaining its previous session trend. The index traded at an intraday high of 127 points before making an intraday low of 59 points. It finally closed at 49,017 levels after a decline of 3.42 points.
Volume was recorded at 318 million shares, up 41 percent. KEL (slipped 5.19%), BOP (gained 6.15%) and ANL (7.80%) were volume leaders where KEL closed in the red on the National Electric Power Regulatory Authority announcing a seven-year tariff for KEL, slashing average tariffs by Rs3.50/unit (by 23%).
