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PSX adds 350pts till midday
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

PSX adds 350pts till midday

KARACHI: The Pakistan Stock Exchange (PSX) added 350 points to take the tally to 40225 till midday on Friday.

On Thursday, the PSX continued in the green with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points. Market participation took a step back with volume and value down 18.33 per cent and 12.74 per cent respectively, amid overnight losses in oil prices (brent -5.2 per cent), heavy foreign selling, ongoing political noise and concerns on the economy.

The KMI 30 index was up by 492.99 points at close. Whereas, KSE All Share index appreciated by 84.03 points and ended the day at 29,050.88. The advancers to decliners ratio stood at 173 to 127.

Activity in materials and financials were up 34.4 per cent and 32.5 per cent of total turnover respectively, dominated the trading activity in Thursday’s session. Investor appetite remained high for DGKC (7.73 per cent of total turnover), ENGRO (4.91 per cent of total turnover), UBL (17.3 per cent of total turnover) and HBL (3.9 per cent of total turnover) amid attractive valuations.