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PSX loses some early gains, remains positive till midday

PSX loses some early gains, remains positive till midday

KARACHI: The Pakistan Stock Exchange (PSX) shed some early gains but remained in green zone till midday as the benchmark 100-index added 55 points to reach 45972 points level on Wednesday

Earlier, the PSX started day on bullish note and gained 189 points to reach 46107 points level in early trading.

On Tuesday, the stocks witnessed another bullish session as the 100-share index gained 389 points and closed at 45,918 points. Market participation rebounded as volumes shot up 111% to 224m shares while traded value rose 88% to Rs10.2b/$96.3m.

Top 5 index point performers were DAWH (up 3.4%), ENGRO (1.6%), SNGP (2.8%), ISL (4.9%) & OGDC (up 1%), adding 127 points; while ABOT (down 2.3%), LUCK (0.4%), KTML (1.8%), HBL (0.2%) & CHCC (1.2%) held back 35 points. On the sector front, fertilizer added 75 points, OMCs 48 points, E&P 47 points, banks 34 points & insurance 29 points; while textile shed 3 points. TRG from the tech sector again led the market in terms of traded volume with 16 million shares.