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PSX opens negative, sheds 172pts

byMatiur Rehman
26/01/2016
in Markets, Stock Exchange
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KARACHI: After witnessing a bullish day, the Pakistan Stock Exchange Tuesday opened negative, shedding 171.76 points to drop to 30893.37 points level.

On Monday, the PSX closed higher on speculations ahead of major financial results due this week. Due to stability in oil prices, oil sector was in limelight which helped the index rally by 116.10 points or 0.37% to close at 31065.13 points. Traded volume decreased by 1.8% to 129.3m shares, while traded value remained unchanged at Rs6.5b/$64m. TRG (Pak) emerged as volume leader with volume of 12.3m shares, followed by Pace (Pak) with 10m and Japan Power with 8.4m shares.

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