KARACHI: The stocks Friday opened gaining huge 260.83 points to take the tally to 33832.96 points level in early trading.
On Thursday, the bearish activity continued at the stock market as the benchmark KSE 100-share index declined 47.71 points (down 0.14 per cent) to close at 33,572.13 points. Volatility prevailed at the PSX as the index juggled between an intra-day high of 297.42 points and low of 126.30 points. The market enjoyed an intraday rally in the earlier hours of trading which was attributed to the E&P sector that followed an overnight rally in global crude oil prices. Top performers of the aforementioned sector were PPL, which rose 4.32 per cent, and POL that went up by 4.34 per cent. Above average volume was seen due to this volatility as traded volume increased 24 per cent to 327.1m shares. Traded value clocked in a 22-week high as it increased 48 per cent to Rs15.3b/$146.4m.
