KARACHI: The Pakistan Stock Exchange Thursday recouped some losses and added 33 points to reach 42952 level till midday.
The stocks opened keeping the previous day’s bearish note and shed another 130 points to reach 42790 level in early trading.
Yesterday, the benchmark 100-share index closed at 42,920 points, showing a decline of 375 points.
Top 10 index point decliners included UBL (down 4%), HBL (1.8%), ENGRO (2.7%), OGDC (1.9%), MCB (1.8%), LUCK (1.5%), PSO (2.2%), MLCF (4.5%), PPL (0.8%) & HUBC (down 1%), withholding 353 points from the index.
Volumes increased further from 167m shares Tuesday to 188m shares (up 11% DoD). Average daily traded value also increased from $70.2m to $76.7m (up 9% DoD).
Sector-wise data showed commercial banks withheld 182 points from the index, oil & gas exploration (E&P) sector withheld 59 points whereas cement sector eroded 49 points from the index.
