KARACHI: The bullish trend started new trading week on Monday as the Pakistan Stock Exchange (PSX) added 59.61 points to reach 33509.23 points in early trading.
On Friday, the PSX closed bullish after investors cheered MSCI statement of seeking feedback on reclassifying stocks to emerging market status. The benchmark KSE 100-index rallied by 310.62 points to close at 33,449.62 points. Investor interest was seen in the cement sector as the current government showed its preference towards infrastructure development, as it released Rs387 billion for development projects and Planning Commission proposed Rs1 trillion PSDP allocation in the upcoming budget. Volumes increased 25% to 204m shares while value remained flat at Rs9.7b/$92m.
