KARACHI: The stocks Tuesday opened with ‘severe’ bearish note as the benchmark 100-index shed 428.98 points to drop to 40853.74 points level in early trading.
On Monday, the Pakistan stocks ended bearish amid institutional profit taking in oil, banking and fertilizer scrips. The KSE 100 index shed 181.59 points to close at 41,282.72. Turnover on PSX All Shares was lower on Monday to 378 million shares as compared to 407 million shares exchanging hands on Friday. The trading value of shares also declined to Rs 12 billion from Rs 14.8 billion. Bank of Punjab remained volume leader with 49 million shares traded followed by TPL Trakker (20 million), TRG Pak (17 million), PIAC (15 million), Nimir Resins (10 million), Silk Bank (10 million), and Sui Northern Gas (8 million). Shares of 454 companies were traded at the bourse out of which the value of 162 companies’ shares registered increase while those of 276 registered decline. However, 16 companies remained unchanged.
