KARACHI: The stocks Tuesday opened negative as the benchmark KSE 100-share index declined by 78.51 points to reach 33487.71 points level in early trading.
On Monday, the Pakistan Stock Exchange (PSX) dropped 401.32 points (down 1.18%) to close at 33,566.22 points. Volatility prevailed in session as the market took a nosedive after making an intra-day high of 187 points to close in red zoned. Major reason for negative sentiments at the bourse was fall in global crude oil prices and increasing noise on the domestic political front. Major laggards in the oil sector were PSO, down 2.01%, and ATRL that declined 2.02%. Volume increased by 14% to 224m shares while value increased by 30% to Rs 10.2b/$98m.
