KARACHI: The Pakistan Stock Exchange (PSX) Wednesday opened negative after a long bullish spell as KSE-100 index dropped 75.99 points to reach 31884.62 points level in early trading.
On Tuesday, the stocks closed bullish led by banking and cement sector scrip on strong earnings outlook. The PSX index was up on the back of banks & cements to close at 31960.61 points, gaining 82.64 points, up by 0.26pc. Traded volume increased by 7.5pc to 144.3mn shares, while traded value increased 6pc to Rs8.58bn/US$81.7mn. Banks continued their momentum today from yesterday to close in green. BAFL, HBL & UBL closed up by 4.03pc, 2.73pc & 1.34pc respectively, stated analysts at major brokerage.