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Home Markets

Upward rally continues as stocks add huge 553pts till midday

byMatiur Rehman
14/06/2016
in Markets, Stock Exchange
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KARACHI: The upward rally continued at the Pakistan Stock Exchange till midday as the benchmark 100-inded gained huge 552.99 points to take the tally to 37532.92 points level on Tuesday.

Earlier, the stocks opened positive, adding 349 points to reach 37328.92 points level in early trading.

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On Monday, the market carried the momentum from Friday and took a plunge soon after the opening bell with the KSE 100-share index dipping by nearly 0.8% intra-day and testing support near 36,600 points. At close, the Pakistan Stock Exchange’s benchmark KSE 100-share index recorded a rise of 0.11% or 39.08 points to end at 36,979.96. Trade volumes rose to 139 million shares compared with Friday’s tally of 109 million. Shares of 331 companies were traded. At the end of the day, 126 stocks closed higher, 185 declined while 20 remained unchanged. The value of shares traded during the day was Rs7.5 billion.

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