KARACHI: The Pakistan Stock Exchange (PSX) continued to shed previous gains as the benchmark 100-index dropped 277 points to reach 42634 level till midday on Tuesday.
The stocks witnessed volatility in early trading and gained just 6 points to reach 42917 level in early trading.
Yesterday, the stocks saw another day of dull session on first trading day of the week, where low participation and selling in index heavy weight sectors including banks and E&Ps led market to close down 356 points at 42,911 points.
Top 5 stocks including PPL (down 2.2%), HBL (1.3%), OGDC (1.5%), ENGRO (1.8%) & LUCK (1.7%) withheld 180 points from the index whereas top 5 stocks including PAKT (up 4.9%), TRG (5%), INIL (4.2%), DAWH (1.2%) & EFERT (0.8%), added 73 points to the index.
Volumes declined again to 167.6m shares as compared to 244.5m shares on Friday (-31% DoD). Average traded value also declined by 29% DoD to reach $64.9m as against $91.1m. Stocks that contributed significantly to the volumes included DSL, ANL, FFL, BAFL and TRG, reflecting 39% of total volumes.
