KARACHI: The stocks again opened bearish, shedding 229.42 points to drop to 39905.89 points level after losing 40,000 mark in early trading on Friday, the last trading day.
On Thursday, the Pakistan Stock Exchange showed massive recovery as the index rallied by 363.89 points (0.91%) and closed at 40,135.31 points. Positivity prevailed in the market as the index, after previous day’s bearish session, gained 364 points to once again cross the psychological level of 40,000 points. Banking sector led the gains in the market, as the sector closed (up 1.47%) higher from its previous day close. HBL (up 1.97%) and MCB (0.48%) were top performers of the aforementioned sector. Volumes declined by 5% to 659m shares while value declined by 10.5% to Rs17.0b/$163m. HBL and OGDC contributed 82 points to the gain in index while PACE led the volumes with 54m shares traded.
