PSX contiues in the green amid thin volumes

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The Pakistan Stock Exchange (PSX) continued in the green on Thursday, with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points.

The index opened lower, falling to 39,237 points mid-session, before fertilisers led the recovery to help the index peak at 39,916 points before settling slightly lower.

Trading remained dull, with only 108.9 million shares worth Rs4.8 billion traded. Of the 317 traded scrips, 173 advanced, 127 declined and 17 remained unchanged.

"Market opened gap down as index heavy exploration and production companies took the brunt of selling following the decline in global crude prices as demand concerns rises due to US-China trade war," Elixir Securities said. "Later on, fertilisers led the recovery on reported local buying."

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