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

6 minutes Read 268 views

MITEFP Summer Entrepreneurship Bootcamp Concludes (Press Release)

August 13, 2017

MIT Enterprise Forum (MITEF) Pakistan along with Information Technology University concluded a five week long Summer Entrepreneurship Bootcamp…

View All
9 minutes Read 47 views

Idea Croron Ka – Season-2, Press Release

August 12, 2017

“Idea Croron Ka”, Pakistan’s first business reality show that revolutionized career opportunities and revamped electronic media with its…

View All
5 minutes Read 55 views

Google Launches Go-To Job Aggregation Site

August 4, 2017

Google announced the launch of the most awaited new job search aggregation technology on July 11th following the…

View All
6 minutes Read 61 views

BMW Keys given to Sarfarz Ahmed in GEO...

August 4, 2017

A ultra-modern BMW XI handed over to captain Sarfraz Ahmed on Thursday in Karachi. The car became announced…

View All
15 minutes Read 144 views

The Launchpad 10 – Lahore (Post-Event Press Release)

July 27, 2017

After a week of packed sessions and workshops, Plan9’s 10th Launchpad has come to an end. The five…

View All

Latest Videos

Less than a minute Read 121 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 24 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
Less than a minute Read 272 views

Maryam Afzal Madni talking about MADDY, Apparel Branding...

August 8, 2017

Young and Energetic Maryam Afzal Madni talks about her brand MADDY and the challenges faced by her as…

View All
Less than a minute Read 34 views

Has Nawaz Sharif really solved Pakistan’s Energy Crisis...

August 3, 2017

Leading energy consultant, and policy specialist, Ms. Saadia Qayyum, sheds light on Pakistan’s Energy Crisis, and its solutions….

View All
Less than a minute Read 45 views

Welcome to Perspectives – Featuring Sana Mela and...

July 30, 2017