KARACHI: The Pakistan Stock Exchange Thursday started day on bullish note and added 78 points in early trading to reach 44222 level.
On Wednesday, the stocks continued its positive trajectory, with the benchmark KSE 100-index gaining another 441.6 points to close above the level of 44,000 points, at 44,144 points.
The stock market kicked off sideways in the early hours but rallied later on, making an intra-day low and high of -23pts and +468pts, respectively. Yesterday’s major heavyweights namely HBL (+4.84 percent), MCB (+0.95 percent), UBL (+4.90 percent), LUCK (+2.30 percent) and FFC (+0.12 percent) cumulatively contributed +269 points to the index. Traded volumes recovered by 34 percent to 223m shares while value traded remained restricted to $10m.
Top volume stocks were BOP (+6.35 percent), TRG (+4.97 percent), LOTCHEM (+4.06 percent), PAEL (-1.13 percent) and AICL (+2.31 percent). Financials once again were on the zeal where UBL (+4.90 percent) & BAHL (+5 percent) were amongst the higher gainers from the sector.
