KARACHI: Bullish trend ended on Tuesday when the stocks opened negative and lost 57.73 points to drop to 40356.99 points in early trading.
On Monday, the local equities maintained their winning streak heading into the new week with the benchmark KSE 100-share Index touching a fresh record high, settling above 40,400 points. At close, the Pakistan Stock Exchange’s benchmark index recorded a rise of 0.13% or 51.04 points to end at 40,414.72.
Volumes increased by 3% to 876 million shares while value rose by 15% to the highest value recorded in over a year of Rs19.2b/$184m. Last time it was on July 7, 2015 when value of 19.2bn was observed.
Positivity prevailed as the index rallied by around 52 points to close at an all-time high level. HCAR (up 5.0%) continued to remain in the limelight on the back of 50% MoM increase in sales for the month of August. Of total 462 active companies that participated in the session, 292 rose while 156 declined and 14 remained unchanged.
