PSX - Market up in Early Trade

Trading at the Pakistan Stock Exchange resumed on a positive note with the benchmark KSE100 Index carrying on from yesterday’s gains to add an additional 165 points within the first hour of trading in the final session before Eid-ul-Fitr Holidays.

Volume Leaders were Meezan Bank with 3.295 Million shares traded followed by Bank of Punjab and TRG with 1.49 million and 0.749 million shares. Total volume in early trade was 12.058 million shares.

Of the 122 traded scrips, 86 advanced, 34 declined while 2 were unchanged.

Companies capped on their upper lock were Meezan Bank, Century Insurance, Escorts Investment Bank and Sapphire Textile mills. While Pakistan Cables (R), Quetta Textile and Fazal Cloth mills were on lower lock.

In the Forex Market, PKR was trading at 120.30/120.50 in the interbank after having opened at 120.40/70.

The Overnight lending rate in the Money Market was 6.80/7.00