PTCL rings up gains

PTCL rings up gains
Published: 11 November 2004

The Karachi Stock Market crossed the 5400 points level Wednesday on the back of aggressive buying. The cement sector was again in the limelight, with DG Khan Cement, Maple Leaf, Fauji Cement, Chakwal Cement, all registering gains in their share prices. Fauji Fertilizer, OGDC and National Bank also performed well. Major losers included Sui Northern Gas, Attock Refinery, Prime Bank, National Refinery and Pak Suzuki. Analysts said the overall sentiment of the market was positive on the back of US presidential elections, reversal of the rupee’s declining trend and the news regarding privatisation of more state-owned enterprises.