KARACHI: The Pakistan Stock Exchange Wednesday opened bearish and shed 145.56 points to drop to 42520.67 points level in early trading.
On Tuesday, volatility prevailed in the PSX as the 100-share index remained range bound and closed down by 77 pints at 42,666 points. POL (up 3.53%), ATRL (0.83%), INDU (0.96%) and MTL (0.67%) were the major leaders for the day, cumulatively contributing 48 points to the index gain.
On the other hand, LUCK (down 1.06%), HBL (2.57%), ENGRO (1.19%), and NBP (5%) were the major laggards, taking the index down by 135 points.
Selling pressure was witnessed in the cement sector where heavyweights LUCK (down 1.06%), DGKC (0.86%), KOHC (2.56%), and MLCF (1.22%) closed in the red zone. Volume traded was slightly better than the previous day at 145m shares while traded value improved to Rs7.2b/$69m.
KEL (up 9.19%) was the volume leader for the day with 34m shares of the power stock changing hands. Scrips of total 370 active companies traded in the session of which 127 concluded in advance, 223 in decline while 29 remained unchanged.
