KARACHI: The stocks Thursday opened bearish as benchmark 100-inded shed 37.76 points and reached 33608.34 points level in early trading.
On Wednesday, the Pakistan Stock Exchange’s benchmark 100-index gained 29.20 points (up 0.09%) to close at 33646.10 points. Volatility prevailed in yesterday’s session. Pressure remained on the cement sector on the back on news that Saudi Arabia has lifted its export ban, thus increasing competition for the already depressed exports. Biggest laggards of the aforementioned sector were DGKC, down 0.69%, and MLCF that declined 0.93%. Volume increased by 20% to 187m shares while value increased by 24% to Rs 8.4b/$78.2m.
