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Opening: Stocks recoup previous losses with 115pts gain

byMatiur Rehman
30/03/2016
in Markets, Stock Exchange
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KARACHI: The stocks Wednesday opened recouping the previous losses and gained 115.12 points to reach 32994.79 points in early trading.

On Tuesday, the Pakistan Stock Exchange closed bearish after slump in crude prices and global equities. The benchmark KSE 100-index lost gains from early hours of trading, when it touched 33,000 index level, to close down 24 points at 32,879.67 points, brokers said. Volumes picked up, increasing 51% to 130.5m shares. Traded value followed suit and rose 25% to Rs5.7b/$54.4m. Total 342 active companies participated in the session, of which 164 closed in decline, 155 in advance while 23 remained unchanged.

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