KARACHI: The Pakistan Stock Exchange Wednesday became bearish soon after positive opening as benchmark 100-index shed 55.43 points to drop to 40238.95 points level in early trading.
On Tuesday, the 100-share index gained 73.62 points (up 0.18%) and closed at 40,294 points level. The automobile sector rallied on the back of depreciating Yen. Top performers of the sector were PSMC (up 5.00%) and INDU (1.34%). SEARL (up 1.58%) and SAPL (5%) were the biggest index movers from the sector. IBLHL (up 5.00%) announced its FY16 result clocking in DPS of 10% and EPS of Rs4.24/share. Volumes increased by 18% to 573m shares while value also increased by 22% to Rs14.4b/$138m. Above average volume was observed in BOP on the hope of better result as 86m shares were traded while gaining by 6%.
