KARACHI: The Pakistan Stock Exchange started new week on positive note after adding 150 points to reach 43161 level in early trading on Monday.
On Friday, the stocks closed another trading week with negative session as benchmark concluded at 43,011 points, declining by 61 points.
Trading started on a positive note but at a slow pace. News of US imposing tariffs on import of steel dampened the mood in steel sector scrips and the same negativity carried through in blue chip scrips, including banks, cement and fertilizer.
Sectors contributing to this performance include OGMCs, shed 36 points; commercial banks 30 points and technology eroded 15 points respectively. Volumes declined from 163mn shares to 140mn shares (-14% DoD). Average traded value also declined by 18percent DoD to reach $54.5million as against $66.7 million Thursday. Stocks that contributed significantly to the volumes include ANL, PAEL, UNITY, LOTCHEM and BOP reflecting 47percent of total volumes.
