Quantcast
Wednesday , November 22 2017
Breaking News
Home / Markets / Stocks cross 42,000 level in early trading
Stocks cross 42,000 level in early trading

Stocks cross 42,000 level in early trading

KARACHI: The Pakistan Stock Exchange (PSX) Wednesday opened on positive note and crossed 42,000 level after adding 237 points to reach 42016 points level in early trading.

On Tuesday, the stocks staged strong recovery on first trading day after Eidul Azha holidays, with benchmark KSE-100 index gaining 572 points and closing at 41779.20 points.

New additions to FTSE Asia Pacific ex Japan index garnered significant interest; namely MTL (up 5%), SNGPL (4.9%), THALL (3.8%), BAFL (up 3.2%) & MCB (up 1.4%) closing deep in the green despite the underlying risks.

Index movers OGDC (up 4.7%), UBL (2.7%), SNGP (4.8%), BAHL (4.8%) & DAWH (up 3.5%), added 245 points; while HBL (down 5%), DCR (5.6%), PIOC (2.3%), COLG (1.7%) & HMB (1.2%) held back 150 points. E&P’s added 122 points. Traded volume improved to 107m shares compared to 70m shares of previous session while traded value also increased to Rs6.5b.