PSX touches record height of 49,876 points

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.