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PSX witnesses positive opening with 121pts gain

byMatiur Rehman
16/11/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Wednesday again opened with positive note as the benchmark 100-index added 121.69 points to reach 42414.36 points level in early trading.

On Tuesday, the stocks witnessed another bearish session over political uncertainty in the country. The 100-share index lost 233.32 points and closed at 42292.67 points. Pressure was seen in heavy-weight stocks such as UBL, HBL and HUBC which contributed 83 points to the fall in index.

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Overall, volumes declined by 34% to 365m shares, while value decreased by 33.5% Rs11.7b/$112m. BOP was volume leader with 29m shares traded, followed by PIA with 24mn shares and Japan Power with 18m shares.

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