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Stocks open bullish with 185pts gain

Stocks open bullish with 185pts gain

KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened bullish after gaining 185 points to reach 48882 points level in early trading.

On Monday, the stocks started the week on a positive note, with the benchmark shares index rallying 288.30 points or (0.6%) by the close of the trading session to reach 48,697 points. Market opened on a positive note and followed its previous trend as the index traded at intraday high of 348 points to finally close at 48,698 level.

Top volume leaders of the bourse were KEL (slip 1.42%), BOP (0.99%) and ASL (4.71%). POL (dip 1.79%) closed in red as international oil prices struggled near the lowest level since the end of November on rising US shale production. A total of 55.8 million shares had changed hands by the end of the session, with a total worth of nearly Rs 4.01 billion. Volume was recorded at 135 million shares, while value declined by 63.6% Rs 6.0 billion.