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Opening: PSX tries to recoup overnight losses

byMatiur Rehman
03/08/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange, in bid to recoup previous losses, Wednesday opened positive, gaining 33.56 points to reach 39820.49 points level in early trading.

On Tuesday, the stocks witnessed fluctuation in trading and lost most of the previous gains and closed almost flat in negative zone over profit-taking. The benchmark 100-index shed 13.71 points to drop to 39786.93 points level at closing. The stocks recorded the highest trading level of 39860.57 points and lowest level of 39675.28 points, with the volume of over 225.82 million shares, having about Rs 12.5 billion value. As many as 339 companies were active; of which 177 advanced, 138 declined and 24 remained unchanged. Cement was the top traded sector with 48,388,900 volume, while oil & gas marketing companies remained second with 29,579,600 volume.

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