KARACHI: The Pakistan Stock Exchange Thursday opened bearish and lost 90.63 points to drop to 49784 points level in early trading.
On Wednesday, the stocks witnessed a range bound session as investors preferred to book profits and remain cautious, resultantly the PSX index almost closed flat. Volatility prevailed in the market as the index traded between an intraday high of 175 points and an intraday low of 117 points to finally close on a flat note up (0.03%). Index heavy weight MCB Bank (MCB) and United Bank (UBL) declined between (4%-4.6%) while Nishat Mills (NML), Engro Corp (ENGRO) and International Steels (ISL) supported the index to close in green. Lotte Chemical emerged as volume leader with 39 million trade shares. Overall, volumes increased by 25 percent to 498 million shares, while traded value rose by 20 percent to Rs20.7 billion.
