KARACHI: The Pakistan Stock Exchange Thursday opened keeping the previous day’s bearish note and shed another 130 points to reach 42790 level in early trading.
Yesterday, the benchmark 100-share index closed at 42,920 points, showing a decline of 375 points.
Top 10 index point decliners included UBL (down 4%), HBL (1.8%), ENGRO (2.7%), OGDC (1.9%), MCB (1.8%), LUCK (1.5%), PSO (2.2%), MLCF (4.5%), PPL (0.8%) & HUBC (down 1%), withholding 353 points from the index.
Volumes increased further from 167m shares Tuesday to 188m shares (up 11% DoD). Average daily traded value also increased from $70.2m to $76.7m (up 9% DoD).
Sector-wise data showed commercial banks withheld 182 points from the index, oil & gas exploration (E&P) sector withheld 59 points whereas cement sector eroded 49 points from the index.
