PSX kept shaking all day but managed to Gain in the end

Pakistan Stock Exchange began trading at 49708.65 points shook the investors’ confidence in the early part of the day but quickly redeemed and rose sharply, closing at 50111.67 points.

The index increased by 403 points on the first day of the week.

Sector by sector analysis show that the automobile sector maintained its success story and all prominent companies closed in the green. The parts and accessories sector closely followed with only a few companies losing on the gains. Cement sector, however, could not paint a very hopeful picture. The sector closed in a mix of red and green, with DG Khan Cement, Lucky Cement and Fauji Cement losing on the trading. While Kohat Cement, Dewan Cement and Thatta Cement made gains and closed in the green.

Banking sector was also a mixed sight with many banks closing in the red along with gainers.

Bank of Punjab, Habib BankXD, Standard Chartered BankXD and Meezan BankXD were all on the red side of trading today, while Askari Bank, Allied Bank Ltd., National BankXD and United Bank closed in the green with increase in their stock price. Fertilizer sector seemed to have lost on more companies than it gained while food and personal care products mostly showed companies on the gaining side.
Overall, however, the stock remained positive with a shaky start and an irregular pattern throughout the day.


News of the day

7 minutes Read 272 views

Pakistan’s first online hostels booking platform is now...

July 29, 2019

The prevalent problem among students and working professionals today is that people living out of their hometown and…

View All
6 minutes Read 284 views

Summer Camp for Teens! CAMP AMAZE!

May 27, 2019

Innovation District 92 is hosting Camp Amaze, a Summer Camp for students aged 14-18 years in…

View All
11 minutes Read 330 views

ATX+PAK Advance GMAP Finalists Announced

May 6, 2019

Ten startup companies to launch accelerated global expansion plans via Austin, Texas

The City of Austin Texas, Innovation District…

View All
6 minutes Read 337 views

Last Day To Apply For A Fully Funded...

April 24, 2019

Today is the last day to apply for the University of Oklahoma Professional Fellows Program for business owners,…

View All
8 minutes Read 486 views

OpenMic, a Nest I/O startup, has launched to...

December 11, 2018

OpenMic, a social startup that engages youth in the conversations about the future of Pakistan, conducted its…

View All

Latest Videos

1 minute Read 1,036 views

Saad Mahmood, The Technology Guy

March 13, 2018

Saad Mahmood is currently working at Microsoft.He is Microsoft Most Valuable Professional (MVP) and loves technology. Saad has…

View All
1 minute Read 1,015 views

Saad Mahmood’s Perspective About Women Empowerment !!

March 8, 2018

Saad Mahmood is currently working at Microsoft.He is Microsoft Most Valuable Professional (MVP) and loves technology. Saad has…

View All
Less than a minute Read 1,831 views

CEO VizRah, Mohammad Adeel Javed, talking about Vizrah...

August 20, 2017

We asked Adeel Javed about his initiative VizRah and how he aims to positively impact the society through…

View All
Less than a minute Read 2,506 views

Yellow Plate Restaurant introducing fast food with unique...

August 10, 2017

Our team visited Yellow plate restaurant at Shah Jamal market Lahore to tantalize our taste buds. The Owner…

View All
Less than a minute Read 1,726 views

Views of Khuram Bukhari (Co-Founder Ravvish) about Life,...

August 10, 2017

We conducted a written dialogue about life and success with Co-Founder Ravvish, Khuram Bukhari

View All