PSX extends bullish momentum into second day

Staff Reporter

Karachi

Bullish momentum at the Pakistan Stock Exchange (PSX) continued on day two as the benchmark KSE-100 index gained 472 points to close at 41,718. The index opened higher and continued trading in the positive zone for the entire session. Volumes picked up Wednesday, with 236 million shares worth Rs8.8 billion traded at the exchange. Of the 377 traded scrips, 227 advanced, 127 declined and 23 remained unchanged.
The cement sector dominated trading by a margin with 62.3m shares, with Power Cement dominating. It lost 0.5 per cent in value with 45.7m shares traded.
Volumes were led by: Power cement Limited: 45.7m shares traded [-0.48pc]; Silk Bank Limited: 11.4m shares traded [-3.36pc];
Bank Of Punjab: 10.0m shares traded [+0.91pc]; Lotte Chemical Pakistan Ltd: 9.2m shares traded [+3.32pc], and TRG Pakistan Ltd: 8.2m shares traded [+3.13pc].

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