KARACHI: The Pakistan Stock Exchange Wednesday opened bearish after shedding 27.53 points to drop to 42604.05 points level in early trading.
On Tuesday, the stocks market continued its positive momentum as the 100-share index, led by oil and auto scrips, gained 192.54 points to close at 42,631.58 points.
POL (3.64%) was the top performer of the aforementioned sector. PIAA (1.44%) gained on the back of the news that national carrier has decided to structure the entity into four separate businesses namely flight operations, engineering, training and courier service. Overall, volumes increased by 34.5% to 467m shares, while value rose by 75% to Rs16.3b/$156m. Oil marketing companies continued to interest investors as HASCOL, BYCO gained 5% each, while SSGC and SNGPL gained 3.8% and 5% respectively. PACE led the volumes with 45m shares traded.
