KARACHI: After witnessing three consecutive bearish mornings, the Pakistan Stock Exchange Wednesday opened positive, gaining 75.73 points to reach 40840.49 points level in early trading.
On Tuesday, the stock market witnessed another volatile session amid increasing political uncertainty and attack on the Police Training Centre in Quetta.
At the start of the session, the 100-share index fell sharply, by 1.7 percent or 675 points. However, led by institutional buying, the benchmark index made recovery later to close at 40,765 points, down by 87.3 points, brokers said. Selling pressure was witnessed at market opening by sceptical investors as the index declined to make an intra-day low of 675 points. Nonetheless, investor came in to buy during the late hours, as the index recovered to close at 40,765 level. Overall, volumes rose by 32% to 368m shares, while value increased by 22% to Rs11.6b/$110.5m.
