KARACHI: The bearish note entered another day as the Pakistan Stock Exchange opened shedding 17.41 points to reach 33712.21 points level in early trading.
On Tuesday, the PSX witnessed a third consecutive flat session to close at 33729.62 points, declining by 30 points. Volatility prevailed in the market as the index traded between an intra-day high of 126.88 points and an intra-day low of 30.35 points to finally close on a flattish note (down 0.09%). MCB (down 0.40%) lost ground to close in the red zone as the bank reported lower than-expected 1Q2016 earnings of Rs5.41/share. On the other hand, EFOODS (rose 0.60%) gained as the company declared better-than-expected 1Q2016 earnings of Rs1.45/share. Volume decreased by 54% to 241m shares while value increased by 20% to Rs 8.8b/84$m. Continued interest was observed in SSGC and SNGPL which gained to close up 1.78% and 4.3% respectively, dealers said.
