KARACHI: The Pakistan Stock Exchange (PSX) Wednesday regained the overnight losses and added 106.37 points to reach 32729.39 points level in early trading.
On Tuesday, the sentiments remained weak all day long as the indexes remained in the red most of the day. The KSE-100 index scrapped off 115.54 points to touch 32,623.02. The advancers to decliner’s ratio stood at 108 to 181. The volumes jumped to 204.126 million from Monday’s 131.589 million. The commercial bank sector was traded the most and 87.65 million shares were exchanged during the day. Almost 86% of the total volume constituted of NIB Bank Limited (NIB 10.23%). The bank rallied after a notice to the exchange informed investors that the bank is in talks with MCB Bank Limited (MCB +0.64%), second largest market cap bank, for a potential acquisition or merger.
