PSX touches record height of 49,876 points

Pakistan Today (Karachi) - - BUSINESS -

On first day of the busi­ness week, Pakistan Stock Ex­change (PSX) on Mon­day closed at the high­est level in its his­tory by trad­ing up to 49,876 points, with net in­crease of 511 points on the index. Ac­cord­ing to a PSX re­port here, the main con­trib­u­tors were levy of anti-dump­ing duty on steel prod­ucts, in­crease in crude oil and gold prices in the in­ter­na­tional mar­ket and pur­chase of 40 per cent PSX eq­uity by Chi­nese con­sor­tium. Dur­ing the trad­ing, in­vestors in power gen­er­a­tion, com­mu­ni­ca­tion, chem­i­cals, bank­ing, ce­ment, oil and gas sec­tors were seen very ac­tive. Total 600 mil­lion shares were traded and total vol­ume was Rs 24.4756 bil­lion. The shares of 65 com­pa­nies were sold at high prices whereas shares of 21 com­pa­nies' at low prices. Mean­while, Pak Ru­pee gained 30 paisa and traded against US Dol­lar at Rs 107.90 in the open cur­rency mar­ket.

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