KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened bearish, gaining 75.73 points to cross psychological barrier of 32,000 points and reached 32003.88 points in early trading.
On Monday, the PSX closed bullish on strong valuations amid major recovery in global stocks and commodities. Global markets & international oil prices rallied, which led the PSX shares index to close up by 464 points or 1.47% at 31928.15 points level. Traded volume decreased by 26% to 89m shares, while traded value also decreased by 18.5% at Rs5.7b/$54m. Index heavy weights like PPL, OGDC and HBL rose by 3-5% yesterday which contributed to its rise. Total 329 active companies participated in the session, of which 214 closed in advance, 93 in decline while 22 went unchanged.
