KARACHI: The Pakistan Stock Exchange Tuesday opened recouping the overnight losses and added 161.90 points to reach 33846.46 points level in early trading.
On Monday, the benchmark 100-share index declined by 55 points to close at 33,684.56 points. Pakistan Stock Exchange opened on a negative note with the index making an intra-day low of 247 points. However, it recovered to close just 55 points down. Banking sector was a major laggard due to depressed banking sector spreads for the month of Mar-2016. UBL closed down 1.84 percent, HBL declined 0.78 percent and MCB 0.55 percent, dealers stated. Besides, profit taking continued in the cement sector, where LUCK, which went down 0.75 percent, announced lower-than-expected 9MFY16 EPS of Rs29.73. Volume decreased by 21 percent to 171m shares while value also decreased by 25 percent to Rs 6.4b/61$m.
