KARACHI: The Pakistan Stock Exchange Wednesday opened keeping previous day’s bearish note and shed 98 points to drop to 43607 level in early trading.
Yesterday, the stocks failed to maintain positive trajectory and closed down 124 points at 43,705 points. Market opened positive and touched a high of 215 points as institutional participation was witnessed mainly in the cement stocks.
Top 5 stocks including DGKC (up 2.5%), HCAR ( 4.3%), BAFL (1.9%), FCCL (1.4%) & BATA (4.5%) added 50 points to the index gain, whereas stocks including HBL (down 1.6%), ENGRO (1.2%), BAHL (1.7%), KTML (3.5%) & LUCK (0.6%), withheld 114 points from the index gain.
Volumes improved from 137m shares to 177.5m shares (up 30% DoD). Average traded value also increased from $53.5m to $72.8m (+36% DoD). Stocks that contributed significantly to the volumes included FCCL, UNITY, DSL, BYCO and NRSL, reflecting 28% of total volumes.
