KARACHI: The Pakistan Stock Exchange (PSX) shed the early gains as the benchmark 100-index dropped 532 points to reach 44756 points level till midday on Tuesday.
Earlier, the stocks opened bullish after long weekend and gained 113 points to reach 45419 points level in early trading.
On Friday, the stocks witnessed another dreary session on weekend as the 100-share index lost 345.53 points and closed at 45,288.49 points.
HBL (down 1.41%) from the commercial banking sector posted its 1H2017 results with an EPS of Rs11.64, down 2%YoY, and a DPS of Rs3.50. Also results for EFOODS (down 5%) for 1H2017 were announced, in which the company announced EPS of Re0.24, down 91%YoY. POL (down 1.98%), PSO (2.16%) and LUCK (1.19%) were the heaviest in dragging down the KSE 100-index, cumulatively took away 67 points.
Volumes were recorded at the week’s low at 114 million shares, compared to 175m shares of the previous day. ANL led with overall 18 million shares changing hands. Scrips of total 351 companies traded in the session of which 134 closed in advance, 199 in decline while 18 remained unchanged.
