Quantcast
Sunday , December 17 2017
Breaking News
Home / Markets / Stocks start last trading day on positive note
Stocks start last trading day on positive note

Stocks start last trading day on positive note

KARACHI: The Pakistan Stock Exchange (PSX) Friday started day witnessing fluctuation; however, it remained positive after adding 39 points to reach 40305 level in early trading.

Yesterday, the stocks succumbed to pressure throughout the day owing to uncertainty on the political front and roll-over week pressure. The KSE 100-index pulled off positive in the morning but ultimately bled 326 points to close down at 40,266 points. Key stock such as NBP (down 0.8%), HBL (0.3%) and UBL (0.8%) closed red while MCB (up 0.4%) and BAFL (up 0.4%) closed in the green zone, market participants said.

Major contributors to the index were LUCK 10 points, MCB 6 points, HASCOL 3 points, PGF 3 points and IGIIL added 3 points to the index gain. On the contrary, scrips that contributed negatively included HUBC that shed 40 points, PSO that eroded 32 points, ENGRO that detracted 29 points, PAKT that shed 20 points and NESTLE that took away 19 points from the index. Traded volumes DoD were down 35% to 102m shares while value was up 1% to $51m.