KARACHI: The Pakistan Stock Exchange (PSX) Wednesday opened recouping more losses it endured during the last week as benchmark 100-index gained 132.54 points to take the tally to 39821.52 points level in early trading.
On Tuesday, the staged sharp recovery and followed the trend of its regional and global peers as it rallied by 411 points (1.05%) and closed at 39,689 points. The positive sentiments at the local bourse were led by the banking and cement sectors. Investors flocked towards the cement sector (up 1.9%) as concerns on oversupply of cement abated. Top index movers of the sector yesterday were LUCK (up 1.7%) and DGKC (2.4%). Volumes increased by 31% to 330m shares, while trading value increased by 41% to Rs14b/$134m. Banking stocks helps the local bourse to surge by 421 points.
