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PSX starts week on positive on, gains 113pts

PSX starts week on positive on, gains 113pts

KARACHI: The Pakistan Stock Exchange (PSX) opened the week on a positive note as the benchmark KSE-100 index gained 113 points to close at 45,372 points on Monday.

The index lost a few points in the opening hour to touch the day’s low of 45,192 points, but traded in the positive zone for most part of the day, hitting a day’s high of 45,453 points shortly before close.

Trading in the day remained dull as only 112.6 million shares worth Rs5.4 billion were traded at the exchange.

Of the 349 scrips traded in the day, 174 advanced, 158 declined and 17 remained unchanged. The chemical sector dominated trading with 15.3m shares traded while oil and gas marketing companies followed with 13.4m shares traded.

The stocks started early trading on negative after shedding 63 points to drop to 45196 level in early trading. The Pakistan Stock Exchange (PSX) recouped till midday and added 129 points to reach 45372 level.

On Friday, the stocks ended the week with another negative session as the benchmark KSE-100 index lost another 128 points to close at 45,259. The index opened higher and traded in the 45,300-45,500 point range for most of the day, but lost over 300 points within the last 30 minutes of trading.

In all, 144 million shares worth Rs6.5 billion were traded at the exchange. Of the 360 scrips traded in the day, 143 advanced, 196 declined and 21 remained unchanged. The chemical sector dominated trading by a margin with 41.7m shares traded, while trading remained dull in all other sectors.