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Stocks open bearish after shedding 119pts

byMatiur Rehman
14/02/2018
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Wednesday opened bearish and shed 119 points to reach 43571 level in early trading.

On Tuesday, the equities ended on a positive note, closing up 175 points to settle at 43,690 points. Sector-wise data indicated that commercial banks added 167 points to the index gain. This was followed by fertilizer sector that added 23 points. On the contrary, cements withheld 21 points from the index. Trading volumes and value during the trading session shrunk by 5 percent.

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Stocks including Habib Bank Limited (+3.3 percent), United Bank Limited (+2.3 percent), ENGRO (+1.1 percent), PIBTL (+5.7 percent) & BAFL (+2.7 percent) added 186 points to the index whereas stocks including LUCK (-1.1 percent), DAWH (-1.3 percent), DGKC (-2.2 percent), SEARL (-2 percent) & HASCOL (-2.1 percent) withheld 62 points from the index.

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