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Upward rally continues at PSX till midday

byMatiur Rehman
06/03/2017
in Markets, Stock Exchange
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KARACHI: The upward rally continued at the Pakistan Stock Exchange as the benchmark 100-index added 139 points to take the tally to 49762 points level on Monday.

Earlier, the stocks started new week with positive note and added 92.58 points to reach 49716.39 points level in early trading.

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On Friday, the institutional profit-taking witnessed at PSX after two strong sessions as investor preferred to trim their positions ahead of the weekend, consequently the shares index closed 72 points down or (0.15%) at around 49,623 level. LOTCHEM and ANL led the volumes with 97 million shares traded combined.

Volatility was witnessed at the local bourse as the index continuously juggled between positive and negative zone to finally close in red zone. Overall, volumes declined by 1.5 percent to 392 million shares, while value declined by 2.8 percent to Rs17.2 billion.

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