Quantcast
Thursday , September 21 2017
Breaking News
Home / Markets / PSX remains bullish till midday, gains 400pts
PSX remains bullish till midday, gains 400pts

PSX remains bullish till midday, gains 400pts

KARACHI: The Pakistan Stock Exchange (PSX) remained bullish till midday as the benchmark 100-index gained 400 points to reach 41359 points level on Friday.

Earlier, the PSX started last day of trading week on positive note and gained massive 671 points to reach 41630 points level in early trading.

On Thursday, the stocks continued its downward trajectory due to panic selling, shedding another 431 points and closing at 40958.65 points. Last time, when the index closed below 41,000 points mark was 215 sessions/10 months ago in October 2016.

HBL (down 4.6%), SNGP (4.7%), FFC (2.4%), BAHL (2.6%) & NBP (3.4%) withheld 221 points, while ENGRO (up 2.5%), UBL (1.1%), PPL (0.5%), TRG (3.6%) & MCB (up 0.4%) added 93 points. Volumes remained steady at 147 million shares, whereas traded value also remained same Rs8.5b. TRG from the tech sector again led the market volume with 16 million shares being traded in yesterday’s trading session.