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PSX remains in green zone till midday, adds 156pts

PSX remains in green zone till midday, adds 156pts

KARACHI: Despite shedding some early gains, the Pakistan Stock Exchange remained in green zone till midday as the benchmark 100-index added 156 points to take the tally to 48565 points level on Monday.

Earlier, the stocks started new week with positive note and gained 343 points to reach 48752 points level in early trading.

On Friday, the stocks opened on a positive note as the index traded at intraday high of 438 points to finally close at 48,409 level by rallying around 120 points. HBL witnessed high volatility with highest volume traded since 2007 of 15.5 million shares. Surge in global crude prices supported selected oil stocks. Pre-budget speculations in cement, banking and auto stocks played a catalyst role in bullish close, market participants said. Overall, volume increased by 17.7 percent to 212 million shares, while value rose by 61.7 percent to Rs16.5 billion.