KARACHI: The Pakistan Stock Exchange Wednesday bounced back after witnessing some loss in early trading and added 111.79 points to reach 40406.17 points level till midday.
Earlier, the PSX became bearish soon after positive opening as benchmark 100-index shed 55.43 points to drop to 40238.95 points level in early trading.
On Tuesday, the 100-share index gained 73.62 points (up 0.18%) and closed at 40,294 points level. The automobile sector rallied on the back of depreciating Yen. Top performers of the sector were PSMC (up 5.00%) and INDU (1.34%). SEARL (up 1.58%) and SAPL (5%) were the biggest index movers from the sector. IBLHL (up 5.00%) announced its FY16 result clocking in DPS of 10% and EPS of Rs4.24/share. Volumes increased by 18% to 573m shares while value also increased by 22% to Rs14.4b/$138m. Above average volume was observed in BOP on the hope of better result as 86m shares were traded while gaining by 6%.
