Karachi Stock Exchange index during the first 40 minutes of open has traded within the range of 178 points. The index opened today’s session at 45740 points after reaching a 45870 points high in first 30 minutes.
Autos, Cement and Fertilizer scrips continue to trade at top after cumulatively adding more than 90 points to the index. Cement is expected to extend its run bullish today in anticipation of expected record production, exports, and capacity utilization during the month of March.
According to industry experts, Cement industry is expected to post highest ever sales worth 4.0 – 4.5 million tons during March; up by 13 – 14% year on year.
*Intraday PSX Chart
In latest news. Fauji Meat Limited, an associated company of Fauji Fertilizer bin Qasim is expected to launch 19 outlets across Karachi. The project is expected to launch tomorrow. According to preliminary reports, FML is to open its first branch under the brand name Zabiha in Badar Commercial, Karachi.
Volume traded currently at 17.337 million with a total value of 1.619 billion during the first 40 minutes of the day.
