KARACHI: The Pakistan Stock Exchange Wednesday again opened with positive note and gained 274.06 points to reach 36335.62 points level in early trading.
On Tuesday, the bearish trend persisted at stock market on second consecutive day. The bench mark 100-share index conceded another 173.13 points (0.48%) to close at 36061.56 points. Market opened on a positive note as the index rallied to make an intra-day high of 180 points but succumbed to selling pressure during the late hours. Selling pressure during the late hours can be attributed to sceptical investors’ preference to remain on the sidelines before the budget announcement. Volumes increased by 7.3% to 220m shares while value also increased by 12% to Rs10.3b/99$m.
