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PSX remains in green zone till midday

PSX remains in green zone till midday

KARACHI: Despite dropping most of the early gains, the Pakistan Stock Exchange remained in green zone after gaining 71 points to reach 45365 points level till midday on Monday.

Earlier, the stocks opened on bullish note and added 203 points to reach 45498 points level in early trading.

Last week, the PSX witnessed a slight upward rally following a selling rampage over the last few weeks as value buyers jumped in to take positions ahead of the corporate results season.

The benchmark KSE 100-index closed 2.2 percent higher with average daily volumes and value declining by 23 percent (to 134m shares/day) and 22 percent (to $72m/day), respectively. Amongst the key sectors, oil & gas exploration (+5 percent), autos (+5 percent) and OMCs (+4 percent) were top gainers, whereas textile weaving (-5 percent WoW), power generation (-1 percent WoW) and chemicals (-1 percent WoW) lagged behind.