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Stocks start last trading day on bullish note, add 229pts

byMatiur Rehman
02/02/2018
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange started last trading day on bullish note and added 229 points to reach 44484 points level in early trading on Friday.

On Thursday, the stock market broke the five-day losing streak and regained positive momentum, posting gain of 206.43 points or 0.47 percent as value buyers stepped in. The 100-share index closed at 44255.48 points.

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Traded volumes were down 21 percent whereas traded value was down 18 percent. Top 5 index point detractors included HBL (+2.3pc), LUCK (+3.2pc), DAWH (+5pc), HUBC (+1.9 percent) and DGKC (+3.1 percent), which added 213 points to the index, while UBL (-1.5 percent), PAKT (-4.3pc), MCB (-1.1 percent), COLG (-4.3pc) and BAHL (-1.1 percent) withheld 98 points. On the sector front, power added 71 points whereas commercial bank sector withheld 98 points.

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