KARACHI: The Pakistan Stock Exchange Thursday open bullish and added 148 points to reach 44197 level in early trading.
Yesterday, the bear-run continued at the PSX as investors continued to book profits owing to decline in WTI price. The 100-share index closed down 184.06 points at 44,049.05 points. The index has lost around 1,000 points in last 5 trading sessions. Selling pressure was seen in banking stocks as investors weighed in on potential size of pension liabilities.
Traded volumes were up 2 percent whereas traded value was up 25 percent. Second tier stocks were volume leaders. Top 5 index point detractors included UBL (-4.1 percent), MCB (-2.9 percent), LUCK (-2.6 percent), OGDC (-1.6 percent) & NESTLE (-5 percent), which withheld 248 points from the index while FFC (+3 percent), PAKT (+5 percent), BAHL (+1.2 percent), NML (+2.1 percent) & EFERT (+1.3 percent) added 100 points to the index. On the sector front, commercial banks withheld 184 points whereas fertilizer sector added 66 points.
