KARACHI: The Pakistan Stock Exchange (PSX) Wednesday recouped 483.88 points in early trading to reach 49241.55 points level.
On Tuesday, the PSX benchmark index continued to slide on second consecutive day and shed another 214.57 points or (0.44%) to close at 48,757.67 points.
Market opened on a negative note as the index lost to make an intraday low of 623 points during the initial hours of the trade on the back of aggressive selling by investors. Some recovery was later witnessed in the market as the index gained to make an intraday high of 171 points. However, the recovery was short-lived as the market again lost ground to close 215 points lower at 48,758 level.
KEL (gain 1.46%) was volume leader for the second consecutive day of the week, as more than 32mn shares of the company exchanged hands. Overall volume decreased to 316mn shares as compared to 389mn shares changed hands, while traded value also declined to Rs19.3b.
