KARACHI: The Pakistan Stock Exchange became bearish till midday after shedding 148 points to drop to 49973 points level on Tuesday.
Earlier, the stocks opened previous day’s positive note and added 187 points to reach 50308 points level in early trading.
On Monday, the PSX benchmark shares index bounced back sharply on first trading day by rallying 1,566 points (up 3.2pc) to close above the 50,000 points level.
Top 10 index point leaders were HBL (gain 4.2pc), UBL (5pc), ENGRO (4.8pc), LUCK (3.5pc), PPL (3.4pc), DGKC (4.9pc), SNGP (5pc), DAWH (4.9pc), MCB (2.6pc) & BAHL (5pc), with combined contribution of 706 points. On the sector front, Banks added 419 points, followed by Cements (209 points), Fertiliser (177 points) and E&P’s (128 points). Market participation was mixed, as volumes increased 15 percent to 255 million shares, while traded value fell by 12 percent to Rs13.9 billion.
