KARACHI: The stocks on Wednesday opened keeping previous day’s bearish note and shed 81.45 points to reach 42729.82 points level in early trading.
On Tuesday, the Pakistan Stock Exchange (PSX) 100-index declined by 249 points to close at 42,811 points. Market opened on a positive note and rallied to make an intra-day high of 237 points but came under selling pressure in the last session. Overall, volumes increased by 27 per cent to 585m shares, while value increased by 33 per cent to Rs17.7b/$169m. Banking stocks led the index to decline as HBL, UBL and MCB declined between 1.5 per cent and 2.9 per cent while contributing 146 points to the fall in index.
