KARACHI: The Pakistan Stock Exchange Thursday opened bearish as it shed massive 426 points to drop to 48555.55 points level in early trading.
On Wednesday, the profit-taking along with future roll over led index to decline by 33 points after making an intraday gain of 316 points to close at 48,981.65 points.
Market opened on a positive note and rallied to make an intraday high of 316 points but selling pressure was witnessed in the market during the latter hours as the index fell to make an intraday low of 305 points. This selling pressure in the market was on the back of political uncertainty. However, recovery was seen in the market at closing as the index closed on flat note at 48,982 level (down 0.07%). Overall, volumes increased by 10.4 percent at 379 million shares, while value trade rose by 18.7 percent to Rs16.5 billion.
