KARACHI: The Pakistan Stock Exchange (PSX) tried to recouped some losses and added 510 points in early trading to reach 40127 level on Wednesday.
Yesterday, the bear-run continued at the PSX, with the KSE 100-index plunging by 707 points (1.75%) and closing below the psychological level of 40,000 points. The index closed at 39,617 points, a 12-month low.
Top 5 index point contributors were PAKT (up 4.9%), MARI (2.1%), PPL (0.6%), FATIMA (2.4%) & ATLH (4.6%)), adding 54 points, while top 5 index laggards were HBL (down 2.8%), LUCK (4.6%), MCB (2.3%), ENGRO (2.3%) & UBL (2%), withholding 248 points. Sector wise, commercial banks and cements eroded 319 points cumulatively while tobacco and engineering added 22 points.
Volumes stood at 139m shares, from 99m shares traded the previous day while traded value increased to Rs9.3b from Rs6.3b. PAEL (-3.56%) led volumes with 13m shares exchanging hands. Foreigners were net sellers with total net selling of $19.3m. Total net foreign selling during October stood at $8.9m as against net buying of $28.3m during last month.
