Abb Takk News

PSX Closes Week on positive Note

Karachi (December 15, 2017): Pakistan Stock Exchange (PSX) closed the week on a positive note, with the benchmark KSE-100 index gaining 422 points, or 1.10 per cent, to close at 38,646 points.

The benchmark index showed mixed activity during the first half of the session and hit a day’s low of 38,193 points, almost 30 points below the commencement of the market. The market hit a day’s high of 38,924 points during the second half of the session.

Volumes rose to almost 140 million shares worth Rs9.1 billion from Thursday’s 93m shares worth Rs4.1bn. Of the total 338 scrips traded, 208 gained in value while 100 declined and 30 remained unchanged.

The banking sector dominated trading with 22.5m shares traded, while the communication and power generation sectors followed with 21.0m and 12.2m shares traded, respectively.

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