KARACHI: The Pakistan Stock Exchange Monday opened keeping previous week’s bullish trend and took the tally to record level of 43553.59 points after gaining 282.69 points in early training.
On Friday, the 100-share index closed at 43,270.90 points after gaining 363.53 points. The volume decreased to 375m shares as compared to 504m shares of the previous day while traded value also declined by Rs12.6b. The Pakistan Stock Exchange (PSX) exhibited resilience against incessant foreign selling as the benchmark KSE-100 index closed 0.6% WoW higher in spite of net foreign selling of $34m during the week, said JS global weekly report. It was the fourth consecutive week of net foreign selling, taking YTD and MTD net foreign selling to $204m and $9.4m, respectively.
