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Stocks open positive after gaining 283pts
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Stocks open positive after gaining 283pts

KARACHI: The Pakistan Stock Exchange Thursday started trading on positive note after adding 283 points to reach 40786 points level in early trading.

On Wednesday, the downward journey continued as the PSX remained volatile throughout the day and the 100-share index shed another 107 points and closed at 40,503 points.

Index point losers included MARI (down 4.7%), SNGP (4.2%), FFC (2.2%), LUCK (1.6%) & KTML (4.4%), eroding 115 points; while PSEL (up 4.5%), HBL (0.3%), UBL (0.8%), POL (1.3%) & INIL (2.8%) added 79 points.

Mixed sentiment were witnessed in the cement sector where KOHC (up 2.76%), LUKC (0.02%), DGKC (0.31%) closed positive and on the flipside FCCL (down 0.43%), MLCF (0.88%) and PIOC (0.74%) closed in the red zone.

Market volumes also remained low at 129m shares, 30% down from the last trading day. While traded value also declined to Rs5.3b/$51m. KEL remained volume leader with 12m shares exchanging hands. Symbols of 387 active companies were traded in the session of which 223 finished in decline, 127 in advance while 17 remained unchanged.