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Stocks recoup with 671pts in early trading

Stocks recoup with 671pts in early trading

KARACHI: The Pakistan Stock Exchange (PSX) Friday started last day of trading week on positive note and gained massive 671 points to reach 41630 points level in early trading.

On Thursday, the stocks continued its downward trajectory due to panic selling, shedding another 431 points and closing at 40958.65 points. Last time, when the index closed below 41,000 points mark was 215 sessions/10 months ago in October 2016.

HBL (down 4.6%), SNGP (4.7%), FFC (2.4%), BAHL (2.6%) & NBP (3.4%) withheld 221 points, while ENGRO (up 2.5%), UBL (1.1%), PPL (0.5%), TRG (3.6%) & MCB (up 0.4%) added 93 points. Volumes remained steady at 147 million shares, whereas traded value also remained same Rs8.5b. TRG from the tech sector again led the market volume with 16 million shares being traded in yesterday’s trading session.