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PSX continues upward rally, adds 356pts

PSX continues upward rally, adds 356pts

KARACHI: The Pakistan Stock Exchange (PSX) Thursday continued its bullish rally and gained 356 points to reach 49727.22 points level in early trading.

On Wednesday, the index rallied around 506 points or (up 1.04%) to close at 49,372 points. Banking sector led the gains in the market, as the sector gained to close (up 1.3%) higher than its previous day close. MCB (gains 3.59%) and UBL (2.02%) were major index movers from the aforementioned sector. INDU (rose 3.51%) and HCAR (1.83%) were top performers of the aforementioned sector. volumes increased by 11.3 percent to 460 million shares, while traded value increased by 23.8 percent to Rs24.9 billion.