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Stocks recoup overnight losses in early trading

byMatiur Rehman
08/04/2016
in Markets, Stock Exchange
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KARACHI: The stocks Friday opened recouping the overnight losses and gained 70.73 points to reach 33966.76 points level in early trading.

On Thursday, the Pakistan Stock Exchange’s benchmark KSE-100 index fell 0.15% or 50.34 points to end at 33,896.03. Trade volumes fell to 261 million shares compared with Thursday’s tally of 298 million. Shares of 364 companies were traded. At the end of the day, 189 stocks closed higher, 156 declined while 19 remained unchanged. The value of shares traded during the day was Rs8.6 billion. Dewan Cement was the volume leader with 23.8 million shares, gaining Rs0.46 to finish at Rs15.98. It was followed by Pakistan International Airlines with 14.6 million shares, gaining Rs0.42 to close at Rs8.65 and Byco with 13.8 million shares, gaining Rs0.43 to close at Rs18.74.

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