KARACHI: The Pakistan Stock Exchanged (PSX) opened negative on Tuesday and shed 108 points to reach 38276 points level in early trading.
Yesterday, the stocks fell sharply lower on first trading day of the week amid thin activity on concerns for ongoing political noise.
The KSE-100 index – as has been the case over the past few months – churned out a lackluster performance, shedding 262 points and closing at 38,384 points, not carrying on from Friday’s session, when the index shot up 701 (+1.83%).
Volumes during the day stood at 50m shares, the lowest since Jul-2014, while value traded stood at $24m, down 71% from Friday’s activity.
Volume leaders during the day were TRG (down 4.97%), ANL (up 0.14%), KEL (down 1.14%) and WTL (down 3.04%). Brief participation from the institutional side was seen in E&P sector where POL (down 0.69%), PPL (1.24%) and OGDC (0.41%) closed in the red. Pressure was seen in the cement sector, where MLCF (down 0.97%), FCCL (2.15%), DGKC (1.98%) and LUCK (1.98%) were major laggards.
