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PSX gains 245pts as upward rally continues till midday

PSX gains 245pts as upward rally continues till midday

KARACHI: The upward rally continued at the Pakistan Stock Exchange (PSX) till midday and added 245 points to take the tally to 45775 points level on Tuesday.

Earlier, the PSX witnessed positive note in early trading as the benchmark 100-index gained 126 points to reach 45655 points level.

On Monday, the stocks started the week on a positive note as the KSE 100-index gained 235 points but in thin trade. The index closed at 45,529.49 points.

Top 5 index point performers were NESTLE (up 4.2%), MCB (1.2%), DAWH (1.6%), ENGRO (up 0.7%) & TRG (3.3%), adding 97 points; while MARI (down 1.6%), PMPK (5%), BAHL (1.1%), FCCL (0.9%) & UBL (0.2%) held back 39 points.

On the sector front, fertilizer added 49 points, food 43 points, OMCs 26 points, banks 18 points & tech 16 points, while tobacco shed 9 points. Market participation thinned further compared to last session; volumes shed 14% to 106n share, while traded value shed 22% to Rs5.4b/$51.3m.