KARACHI: The Pakistan Stock Exchange Thursday opened bearish after shedding 196 points to reach 48110 points level in early trading.
On Wednesday, the bearish activities were witnessed at PSX on late session profit-taking in the post earning season. The benchmark shares index traded between an intraday high of 228 points and intraday low of 329 points to finally close at around 48,306 points. UBL (lose 3.02 percent) in the banking sector shed value as investors remained sceptical about market noise regarding the bank.
Moreover, PAEL (dip 1.53 percent) lost value to close in the red zone as the company declared its year end result for 2016, posting an EPS of Rs7.51/share which was lower than the street estimate. Overall, volume increased by 5.6 percent to 206 million shares, while value declined by 9.2 percent Rs10.8 billion.
