KARACHI: The Pakistan Stock Exchange Monday witnessed another record-breaking opening after gaining 114 points to reach 40477.93 points level in early trading.
On Friday, the stock market closed at all-time high amid record trades led by auto and cement sectors. The 100-share index gained 147.33 points (0.37%) to close at 40,363.68 points. Volume surged to over 11-year high of 850 million shares mainly due to activity in side stocks, which was highest since Feb 23, 2005 when 1,086 million shares were traded. Major activity was observed in second and third tier stocks. Automobile sector led the gains on the back of auto sales numbers released by PAMA, which showed MoM growth of 27% for the month of August 2016. Volumes increased by 60% to 850m shares while value rose by 45% to Rs16.6b/$159m.
